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** Future Value (FV)** is the

The FV calculation can be done in two ways depending on the type of interest being earned.

**Simple Interest****Compound Interest**

**Simple Interest -**

If an investment earns simple interest, then the Future Value (FV) formula is -

*where :*

**I = Investment Amount****R = Interest Rate****T = Number of years**

**Compound Interest -**

The formula for the Future Value (FV) of an investment earning compounding interest is -

**where :**

**I = Investment Amount****R = Interest Rate****T = Number of years**

There are various benefits of Future Value Calculator -

- This calculator can tell you the exact value of amount invested for the future.
- By knowing the future value of the amount invested, one can add more other investment option so that one can have a huge corpus in the end.

The whole and sole purpose of using future value calculator is that we come to know that how much amount will be accumulated in future if we invest certain amount in present for a particular period of time.

Based on your future value calculation. You can take following action and change your investment strategy. The action are as follows -

**Increase the deposit amount.****Increase the number of times you deposit your investment.****Invest in such investment option where you can earn more interest on your investment.**