In financial planning, understanding future value is essential. It represents the projected worth of an investment over time, factoring in interest or growth. Having a calculator to expedite this process is crucial for efficient decision-making, allowing investors to forecast potential returns accurately and make informed investment choices with confidence. Enter Nickzom Calculator, simplifying future value calculations effortlessly for finance specialists.
What is Future Value (FV)?
According to Investopedia, Future value (FV) is the value of a current asset at a specified date in the future based on an assumed rate of growth.
If, based on a guaranteed growth rate, a $10,000 investment made today will be worth $100,000 in 20 years, then the FV of the $10,000 investment is $100,000. The FV equation assumes a constant rate of growth and a single upfront payment left untouched for the duration of the investment.
According to Wikipedia, Future value is the value of an asset at a specific date. It measures the nominal future sum of money that a given sum of money is “worth” at a specified time in the future, assuming a certain interest rate, or more generally, rate of return; it is the present value multiplied by the accumulation function. The value does not include corrections for inflation or other factors that affect the true value of money in the future. This is used in time value of money calculations.
Nickzom Calculator+ (Professional Version) – The Calculator Encyclopedia has a Future Value Calculator. This calculator requires certain parameters, such as:
- Number of Periods
- Starting Amount
- Interest Rate
- Periodic Contribution
- Contribution at the beginning or end of each payment.
Click on Financial Calculator
Click on Future Value Calculator
Now, enter the values of the parameters stipulated.
Finally, simply click on the calculate button.
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One can access Nickzom Calculator+ (Professional Version) – The Calculator Encyclopedia via any of these channels:
Web – https://www.nickzom.org/calculator-plus
Android (Paid) – https://play.google.com/store/apps/details?id=org.nickzom.nickzomcalculator
Apple (Paid) – https://itunes.apple.com/us/app/nickzom-calculator/id1331162702?mt=8
