This calculator calculates the future value of money using present value of money, interest rate, time periods annually, number of years values.
Formula:
FV = PV x [1 + (I/ N) ] (N*T)
Where,FV is Future value of money,
PV is Present value of money,
I is the interest rate,
N is the number of compounding periods annually and
T is the number of years in the tenure.