Future value of a present single sum of money is used to calculate the future value for the current sum of amount, invested on a specific date and rate of interest. The future balance is also called as future value. Here is the simple online Future Value calculator for single payment which calculates and fetches you the future value of present amount. FV calculator requires input values such as present amount, interest rate, number of period in years.
Future value of a present single sum of money is used to calculate the future value for the current sum of amount, invested on a specific date and rate of interest. The future balance is also called as future value. Here is the simple online Future Value calculator for single payment which calculates and fetches you the future value of present amount. FV calculator requires input values such as present amount, interest rate, number of period in years.
Calculate the Future Value for Single Payment for the present amount of Rs. 50,000 based on the interest rate of 8% after 12 years.
Future value = Present Amount x (1 + r)n
= 50000 x (1 + 8)12
= 125908.51.
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