Future price (FV) is the price of a modern-day asset at a future date based on an assumed fee of growth.
The future fee is essential to traders and economic planners, as they use it to estimate how much an funding made today will be worth in the future.
You can calculate future cost with compound interest the usage of this formula: future fee = existing value x (1 + activity rate)n. To calculate future value with easy interest, use this formula: future value = existing price x [1 + (interest fee x time)].
For example, if you make investments $1,000 in a financial savings account these days at a 2% annual hobby rate, it will be well worth $1,020 at the end of one year. Therefore, its future fee is $1,020.
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