Future Value Calculator
FV = PV × (1 + r)^n. What today's amount grows to over time.
Result
Future value
$10,794.62
Growth factor: 2.159.
- Present value$5,000.00
- Growth factor2.1589
- Future value$10,794.62
- Interest earned$5,794.62
- Doubling time9.01 years
Step-by-step
- Growth factor = (1 + 0.08)^10 = 2.1589.
- FV = 5000 × 2.1589 = $10,794.62.
How to use this calculator
- Enter present value.
- Pick annual rate.
- Enter years to project.
About this calculator
Future value: how much today's money grows to at a given rate. FV = PV × (1 + r)^n. The inverse of present value. Compound interest: each year's interest earns its own interest the following year. The "rule of 72" estimates doubling time as 72/r%.
Frequently asked
Same formula. "Compound interest" frames it for savings; "future value" frames it for investments.
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