⏰Time Value of Money

Future Value (Single Amount)

FV = PV × (1 + r)^n

What It Means

What today's money will be worth in the future.

Present Value (PV):$10,000

Rate (r):5%

Periods (n):3 years

$10,000 × (1.05)^3

FV = $11,576.25

PV = FV ÷ (1 + r)^n

Interest = Principal × Rate × Time

PMT = PV × [r(1+r)^n] ÷ [(1+r)^n - 1]

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