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What is the formula for calculating future value?

幫考網(wǎng)校2020-11-30 16:02:59
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The formula for calculating future value (FV) is:

FV = PV x (1 + r)^n

Where:
PV = Present value
r = Interest rate
n = Number of periods

This formula assumes that the interest rate is compounded annually. If the interest rate is compounded more frequently, the formula would be adjusted accordingly.
幫考網(wǎng)校
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