# future value

Time within a period when a payment is made

Controller: **CodeCogs**

## Interface

C++

## Future Value

doublefuture_value( | double | rate | |

int | nper | ||

double | pmt | ||

double | pv | ||

PaymentPoint | when | ) |

*fv*: If rate = 0, If rate /= 0, Where

*pv*is the present value,

*rate*is the interest rate,

*nper*is the number of periods over which to calculate and

*pmt*is the payment made each period. Calculating the future value of an investment according to a scedule of compound interest rates is done using the following equation: Where

*nper*is the number of periods (and in this case entries in the

*shedule*array),

*pv*is the principal value and

*schedule*is an array of compound interest rates.

## References:

http://www.vni.com/products/imsl/jmsl/v30/api/com/imsl/finance/Finance.html### Example 1

#include <stdio.h> #include <codecogs/finance/banking/future_value.h> int main() { double d = Finance::Banking::future_value(0.05, 20, -30000, -30000, Finance::Banking::pp_StartOfPeriod); printf("30,000 set aside per year\n"); printf("5%% interest compounded yearly\n"); printf("After 20 years, the value of the investment will be: %7.2f\n\n", d); d = Finance::Banking::future_value(0.00, 7, -50, 0, Finance::Banking::pp_StartOfPeriod); printf("50 set aside per year\n"); printf("no interest\n"); printf("After 7 years, the value of the investment will be: %.2f\n", d); return 0; }

Output:30,000 set aside per year 5% interest compounded yearly After 20 years, the value of the investment will be: 1121176.49 50 set aside per year no interest After 7 years, the value of the investment will be: 350.00

pp_StartOfPeriod or pp_EndOfPeriod.

### Parameters

rate is the interest rate nper is the number of periods pmt is the amount set aside each period pv is the present value when is the point in each period when the payment is made, either

### Returns

- a double, the future value of the investment.

### Authors

*James Warren (May 2005)*

##### Source Code

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## Other Documentation

<div align="center"> <table border="0"> <tr align="center"><td width="100"><strong>Type</strong></td><td><strong>Description</strong></td></tr> <tr><td align="center" valign="top"><em>pp_EndOfPeriod</em></td><td>Each payment is made at the end of the period.</td></tr> <tr><td align="center" valign="top"><em>pp_StartOfPeriod</em></td><td>Each payment is made at the start of the period.</td></tr> </table> </div>##### Source Code

Source code is available when you agree to a GP Licence or buy a Commercial Licence.

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