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Future value is the predicted value of an asset at a specific time in the future, given its present value today. The equation for computing future value is:
FV = PV x (1 + R)^n
Where,
FV = future value
PV = present value
R = assumed interest rate
n = number of years into future
For example, if you own a house that is worth $100,000 today and you think it will increase in value at 4% a year over the next 10 years, its future value in 10 years will be:
FV = 100,000 x (1 + .04)^10 = $148,024
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