## Future Value of a Single Sum

Future Value of a single sum calculates how large a single sum will become at the end of a specified period of time. This value is referred to as the future value of a single sum.The Future Value of a single sum formula serves as a means of valuation. It tells us what something will be worth at a future date. This something can be an asset or a liability.

## $$p[1+i{]}^{n}$$

Here,p=present value,n=number of compounding period,i=interest rate.

ENTER THE VARIABLES TO BE USED IN THE FORMULA