# Future Value

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**Formula:**`FV = PV × (1 + r)`

^{n}

## Introduction to Future Value Calculator

The future value (FV) calculator is used to determine the future value of an investment or a loan based on the given present value (PV), periodic interest rate (r), and the number of periods (n). The future value represents the value of an asset or cash at a specified date in the future, based on an assumed growth rate. This formula takes into account the time value of money, indicating that a specific amount of money today has different value than the same amount in the future.

## Parameter usage:

`PV`

= present value of the investment or loan`r`

= periodic interest rate (expressed as a decimal)`n`

= number of periods the money is invested or borrowed for

## Output:

`FV`

= future value of the investment or loan

## Data validation

PV, r, and n must be greater than zero for accurate calculation of the future value.

## Summary

This calculator helps to forecast the future value of an investment or loan and is important for financial planning and decision-making.

Tags: Finance, Investment, Loan, Future Value, Time Value Of Money