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Future Value
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

The future value (amount) of a single sum at compound interest is the original amount plus the compound interest thereon, stated as of a specific future date.  Selections from a future value of one table is presented here:

Period

 10%

14%

1

1.1999

1.1400

4

1.4641

1.6890

For Example, what will be the amount in a savings account on December 31, 1990, if $10,000 is invested at 14 percent interest on December 31, 1986?  Using a Future Amount of 1 Table for i = 14 percent and n = 4, the future amount can be computed as follows:

$10,000 x 1.68896  =  $16,889.60.

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