Reviewed by: David Chen, CFA
David Chen is a Certified Financial Analyst with over 10 years of experience in finance and risk management.
David Chen is a Certified Financial Analyst with over 10 years of experience in finance and risk management.
Use this calculator to easily determine the missing variable when given any three of the following parameters.
Calculator Online Free Simple Calculator
Formula
Future Value = Principal Amount × (1 + Interest Rate) ^ Time Period
Formula Source: Investopedia
- F: The future value or final amount.
- P: The initial principal or starting amount.
- V: The interest rate per time period.
- Q: The number of time periods.
Related Calculators
What is [CORE_TOPIC_TERM]?
[CORE_TOPIC_TERM] refers to a financial concept used to determine the future value of an investment or loan after accounting for principal, interest rate, and time.
How to Calculate [CORE_TOPIC_TERM] (Example)
- Step 1: Enter the principal amount, interest rate, and time period.
- Step 2: Click “Calculate” to determine the future value.
Frequently Asked Questions (FAQ)
What is a principal amount? The initial amount of money invested or loaned.
What is an interest rate? The percentage charged or earned on the principal amount over a period of time.
What is a time period? The duration for which the money is invested or loaned, typically measured in years.