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Future Amount
Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
Value at
a later date of a given sum that is invested at compound interest.
-
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.
|
Period
|
10%
|
12%
|
|
5
|
1.61051
|
1.76234
|
|
10
|
2.59374
|
3.10585
|
-
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.
-
Future
amount of an ordinary annuity.
The future value on the date of the last rend.
|
Period
|
10%
|
12%
|
|
5
|
6.10510
|
6.35285
|
|
10
|
15.93743
|
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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