Future Value Calculator
Calculate the future value of an investment with compound interest. Enter the present value, annual interest rate, number of compounding periods per year, and total years to see how your money grows.
Published by:
isCalculator Editorial Team
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How to use this tool?
This calculator computes the Future Value (FV) of an investment using compound interest. Follow these steps:
- Enter Present Value (PV) – the initial amount (e.g., 1000). Must be a positive number.
- Enter Annual Interest Rate (%) – the yearly rate (e.g., 5 for 5%). Must be a positive number.
- Enter Compounding Periods per Year – how often interest is compounded (e.g., 12 for monthly, 1 for yearly). Must be an integer ≥ 1.
- Enter Number of Years – the investment duration (e.g., 10). Must be a positive number.
- Click Calculate Future Value.
The result shows the future value (FV) in dollars, plus a breakdown of the formula: FV = PV × (1 + r/n)^(n×t), where r is the rate (as decimal), n is compounds per year, and t is years.
All inputs must be positive numbers. Use a period (.) for decimals.
Previous Results
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Frequently Asked Questions
Future value (FV) is the value of a current asset at a specified date in the future based on an assumed rate of growth over time.
More frequent compounding (e.g., monthly vs. annually) results in a higher future value because interest is earned on interest more often.
Yes, the calculator uses dollar signs but you can mentally substitute any currency. The result is unitless.
