Future Value of Lump Sum Calculator is a tool that calculates the maturity amount of a present value lump sum investment, or a one-time investment, after a defined number of years
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It refers to maturity amount of a present value lump sum investment, or a one-time investment, after a specified number of years.
Formula
FV = PV (1 + rm) ^ mt
Where:-
r = R/100 (yearly interest rate)
t = number of years
m = the compounding intervals per period where a period is an interval of time.
Example
A person puts $10,000 into an investment account with 6.25% per year compounded monthly. The value of your investment in 2 years or, the future value of your account, according to the formula equals;