Future value of present sum

Input(s)

$i_{e}$: Effective Interest or Discount Rate (fraction)

$\mathrm{t}$: Time (year)

$P_{v}$: Present Value of Future Sum (currency unit)

Output(s)

$F_{v}$: Future Sum Received at Time $\mathrm{t}$ (currency unit)

Formula(s)

$$ \mathrm{F}_{\mathrm{v}}=\mathrm{P}_{\mathrm{v}} *\left(\left(1+\mathrm{i}_{\mathrm{e}}\right)^{\mathrm{t}}\right) $$

Reference(s)

Mian, M. A. 2011. Project Economics and Decision Analysis Volume 1: Deterministic Models, Second Edition. Tulsa, Oklahoma: PennWell Corporation. Chapter 2, Page: 44.