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Future Value Calculation |
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Future Value Calculation |
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Future Value Calculation
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Future Value Calculation |
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Future Value Calculation |
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The Interest calculator's Future Value illustrator can calculate any of the following items:
1.Current account value (present value)
2.Amount of each deposit
3.Number of years
4.Rate of return
5.Future value
Simply enter the known values, place the cursor on the field to be calculated, and click on the 'Calculate Cursor Line' button found below the data input (
, or press Control-F10) .
| Notes: | After calculating a prompt, it will be highlighted with a red background. While a prompt is highlighted, changing the value in any other prompt (besides the Calculation Type) will update the calculated prompt. |
If the value in the calculated prompt is modified, it will no longer be calculated.
Each of the data inputs will be discussed below. One (and only one) may be calculated as an unknown value. Enter all other values except the unknown prompt. Then place the cursor on the unknown value line and press the 'Calculate Cursor Line' button.
Prompts shown below with an asterisk beside them may be calculated.
Type of Fund
For future value calculations, select Future Value.
Current Account Value*
Enter the current account balance.
Type of Deposits
Click on the down arrow and select the type of deposits. The selections include:
•Level Deposits: Deposits to the account are the same for all years.
•Annually Increase by a %: Deposits increase by a percent each year.
•Annually Increase by a $: Deposits increase by a dollar value each year.
•% of Paycheck: This will change the prompts below to ask for the current paycheck value and the annual raises.
| Note: | When the 'Percent of Paycheck' method is selected as Type of Deposits, the prompts will appear differently than what is discussed below. However, the calculation is similar in nature, and the prompts are self explanatory. |
# of Deposits/Year*
Enter the number of deposits per year.
Amount of Each Deposit*
Enter the initial value of the deposit. If a Type of Deposit method was selected other then 'Level Deposits' then the deposits will increase after the first year.
Deposits Made at
Select whether deposits are made at the beginning or end of a period. For example, on a 12 pay, are the deposits made at the beginning or ending of the month.
Interest Rate*
Enter the effective annual interest rate.
| Note: | Interest rates may be changed in future years after a calculation is made by editing the values displayed in the grid. |
The interest rate can not exceed 12.0000%.
Future Value*
Enter the hypothetical future value of the account.
After entering values for each of the prompts, place the cursor on the prompt to be calculated and click on the 'Calculate Cursor Line' button.
* Prompts with asterisks may be calculated.