Future value (F)
—
- F
- future value
- P
- single payment today
- i
- interest rate per period
- n
- number of periods
Worked example · $100 today at 5% for 7 periods grows to $141.
Eq.01 · Single payment
Compound Amount
Takes a single amount you have now and rolls it forward, period by period, into the larger amount it becomes.
F = P (1 + i)^n