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Future Amount
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles
J Woelfel
(We recommend this as work of authority.)
Value at
a later date of a given sum that is invested at compound interest.
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Future
amount of 1 (or amount of a given sum).
The future value of $1.00 (or a single given sum), a, at the
end of n periods at I compound interest rate.
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Period
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10%
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12%
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5
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1.61051
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1.76234
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10
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2.59374
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3.10585
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Future
amount of an annuity. The
future value of a series of rents invested at compound interest; the
accumulated total that results from a series of equal deposits at
regular intervals invested at compound interest.
Deposits and interest increase the accumulation.
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Future
amount of an ordinary annuity.
The future value on the date of the last rend.
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Period
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10%
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12%
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5
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6.10510
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6.35285
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10
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15.93743
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17.54874
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Future
amount of an annuity due.
The future value one period after the date of the last rent.
When an annuity due table is not available, use the following
formula:
Amount
of annuity due of 1 for n rents =
Amount
or ordinary annuity for (n + rent) - 1.
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