Finance

Future Value Calculator

Project the future value of a lump sum.

Calculated Output

Future value ($) 8,954.24

Growth ($) 3,954.24

Formula: FV = PV × (1 + rate)^years

Step-by-Step Breakdown

1. Values used:

2. Present value = 5,000 $

3. Annual rate = 6 %

4. Years = 10 years

6. Future value = 8,954.24$

7. Growth = 3,954.24$

Did this calculator solve your problem today?

The math behind it

FV = PV × (1 + rate)^years (annual compounding).

$5,000 at 6% for 10 years → $8,954.

With deposits?

Use the Savings Goal calculator for regular contributions.