Future value of present sum
Input(s)
\(i_{e}\): Effective Interest or Discount Rate (fraction)
\(\mathrm{t}\): Time (year)
\(P_{v}\): Present Value of Future Sum (currency unit)
Output(s)
\(F_{v}\): Future Sum Received at Time \(\mathrm{t}\) (currency unit)
Formula(s)
\[
\mathrm{F}_{\mathrm{v}}=\mathrm{P}_{\mathrm{v}} *\left(\left(1+\mathrm{i}_{\mathrm{e}}\right)^{\mathrm{t}}\right)
\]
Reference(s)
Mian, M. A. 2011. Project Economics and Decision Analysis Volume 1: Deterministic Models, Second Edition. Tulsa, Oklahoma: PennWell Corporation. Chapter 2, Page: 44.