Future Value Calculator
Calculate how much your investment will grow over time with compound interest
Future Value
$19,671.51
Total Interest: $9,671.51
Your initial investment of $10,000 will grow to $19,671.51 in 10 years at 7% annual interest compounded monthly.
Understanding Future Value
The future value (FV) of an investment is calculated based on three factors:
- Initial investment - The amount of money you start with
- Interest rate - The annual rate at which your investment grows
- Time period - How long your money will be invested
- Compounding frequency - How often interest is calculated and added to your investment
The formula for calculating future value with compound interest is:
FV = PV × (1 + r/n)(n×t)
Where:
- FV = Future Value
- PV = Present Value (initial investment)
- r = Annual interest rate (as a decimal)
- n = Number of compounding periods per year
- t = Time in years
Compound interest has a powerful effect on investments over time. The more frequently interest is compounded, the greater your returns will be.