## Future Value Factor

The formula for the future value factor is used to calculate the future value of an amount or present value.

The future value factor formula is based on the concept of time value of money. The concept of time value of money is that an amount today is worth more than if that same nominal amount is received at a future date

## $$[1+r{]}^{n}$$

Here,r=rate per period,n=number of periods.

ENTER THE VARIABLES TO BE USED IN THE FORMULA