Find the future value of money growing at a rate over a number of years.
Understanding the finance calculation
Enter a present value, rate and term to see what it grows to. Pair with the present value calculator to discount money instead.
Worked example
Worked through, a present value of 10,000 produces a future value of $13,382.26. Underneath, Growth factor comes out at 1.3382 and Interest earned at $3,382.26. Change any field and every figure updates as you type.
Step by step
- Enter your figures in the fields provided.
- The result updates as you type.
- Review the breakdown below the main number.
Formula reference
future value = present value × (1 + rate)^years
FAQ
What is the time value of money?
The idea that money now is worth more than the same amount later, because it can earn a return.
How do I discount instead?
Use the present value calculator to bring a future amount back to today.