FVFuture value of the principal and interest PVPresent value of principal before interest is applied KInterest rate charged per period. R the annual interest rate expressed as a decimal. The future value would be 1500.
FV the future value.
My apologies but it doesnt change the fact that this vid. The Future Value FV formula assumes a constant rate of growth and a single upfront payment left untouched for the duration of the investment. How to find the Future Value when interest is compounded. The formula for future value with compound interest is FV P 1 rnnt.