compound interest future value
accumulates the present value compounded at a fixed interest rate each period.
symbols, variables and units
PV, FV: Amount in the same currency; r: Effective interest rate for each period; n: Number of periods.
applicable conditions and boundaries
The interest rate and interest calculation period are the same; additional cash flow and expenses are not included.
formula source code
The following is a copyable LaTeX expression.
FV=PV(1+r)^n
Reference and Extended Learning
OpenStax · Principles of Economics ↗is organized according to model definition and assumptions. Please check actual conditions and original literature before engineering, research and clinical use.
compound interestcompound interest