⏰Time Value of Money

Present Value (Single Amount)

PV = FV ÷ (1 + r)^n

What It Means

What future money is worth today.

Future Value (FV):$11,576.25

Rate (r):5%

Periods (n):3 years

$11,576.25 ÷ (1.05)^3

PV = $10,000

FV = PV × (1 + r)^n

Interest = Principal × Rate × Time

PMT = PV × [r(1+r)^n] ÷ [(1+r)^n - 1]

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