What is future value?

What is future value?
Lachlan May-04-2023 10:30:41
Viewed 170 times

1 Answer

1
Future value, or FV, refers to the current value of a future sum of money, based on a given rate of return. It is used to measure the potential returns from an investment or savings account at a given point in time. The formula for future value is as follows: FV = present value x (1 + rate of return)^time period.
avatar
Dexter
2 Ques 1 Ans
answered 22 Aug 2023

Your Answer

undraw-questions

Login or Create Account to answer this question.

Do you have any opinion about What is future value??

Login / Signup

Answers Adda Q&A communities are different.
Here's how

bubble
Knowledge sharing.

Question and answer communities are a great way to share knowledge. People can ask questions about any topic they're curious about, and other members of the community can provide answers based on their knowledge and expertise.

vote
Engagement and connection

These communities offer a way to engage with like-minded individuals who share similar interests. Members can connect with each other through shared experiences, knowledge, and advice, building relationships that extend beyond just answering questions..

check
Community building.

Answers Adda Question & Answer communities provide a platform for individuals to connect with like-minded people who share similar interests. This can help to build a sense of community and foster relationships among members.