What is future value - Definition and Meaning
Future Value :
Future value is the value of an asset at a particular date.
Present value (pv) = 1000,
Annum Interest (r) = 10%,
Time (t) = 5 years,
Future value (fv) = 1000 * (1+(0.1*5))
= 1000 * 1.5
FV = 1500
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