# Future Value Calculator

## Future Value Formula

Future Value = PV * (1 + i)^{n}

1.PV = the value at time zero

2.FV = the value at time n

3.i = the discount rate (or interest rate)

4.n = the number of periods

## Future Value Example

Chase has $500. He is considering using a bank that is offering 6%, how much will he have in 2 years?

He will have $561.80 in two years.