##### 24.9 Finance: Future value and present value

### Finance: Future value and present value

#### Lessons

###### Notes:

###### future value and present value: ${ FV = PV (1+\frac{r}{n})^{nt}}$

${FV}$: Future Value

${PV}$: Present Value

${r}$ : Annual interest rate

${t}$: total time given in **years **

${n}$ : number of times compounded in a year, if

Compound daily: |
n = 365 |

Compound monthly: |
n = 12 |

Compound quarterly: |
n = 4 |

Compound semi-annually: |
n = 2 |

Compound annually: |
n = 1 |