Financial calculator

Compound Interest Future Value

Calculate future value using the compound interest future value formula.

PrincipalAnnual interest rate (%)Years

Future value: -

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Calculation explained

How this result was calculated

The formula, your substituted values, and the evaluated result are shown below.

Reference: Formulae and Tables, State Examinations Commission (2014), page 31.

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How the Compound Interest Future Value works

This calculator applies the formula given in Formulae and Tables, State Examinations Commission (2014), page 31. Enter values in consistent units.

Formula and inputs

principal × Math.pow(1+rate ÷ 100,years)

Inputs: Principal, Annual interest rate (%), Years.

Using the result

The result is rounded to 2 decimal places. Check units, assumptions and significant figures before using the answer.