What does this tool do?
Future value applies compound growth to a single starting balance. The result is a projection based on a constant rate, not a forecast of any particular investment.
The Formula
FV = PV × (1 + r ÷ n)^(n × t)Frequently Asked Questions
What is the difference between future value and present value?
Future value projects forward from a known amount; present value discounts a future amount back to today.
How much difference does compounding make?
More frequent compounding raises the effective annual rate slightly. Over long periods the rate itself matters far more than the frequency.