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Future value (FV) is the value of a current asset at a future date based on an assumed growth rate. Investors and financial planners use it to estimate how much an investment today will be worth in the future. External factors such as inflation can adversely affect an asset's future value. Future value can be contrasted with present value (PV).
Future Value Calculator uses the formula FV = PV (1 + I/Y)ⁿ to find the future value (FV) of an investment with periodic deposits with given inputs of compounding periods (N), interest/yield rate (I/Y), starting amount, and periodic deposit/annuity payment per period (PMT).