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Finance

  

futurevalue

  

future value of an amount

 

Calling Sequence

Parameters

Description

Examples

Compatibility

Calling Sequence

futurevalue(amount, rate, nperiods)

Parameters

amount

-

amount at period = 0

rate

-

interest rate per period

nperiods

-

number of periods

Description

• 

This function calculates the value at period=nperiods of an amount given at period=0, when the interest rate is given by rate.

• 

The futurevalue function carries an amount towards the future; the presentvalue function carries it towards the past.

• 

Since futurevalue used to be part of the (now deprecated) finance package, for compatibility with older worksheets, this command can also be called using finance[futurevalue]. However, it is recommended that you use the superseding package name, Finance, instead: Finance[futurevalue].

Examples

I have 1000 units now. How much will that amount be in 3 years if I invest it at 6% per year?

withFinance:

futurevalue1000,0.06,3

1191.016000

(1)

This is the same as doing:

10001+0.063

1191.016000

(2)

Compatibility

• 

The Finance[futurevalue] command was introduced in Maple 15.

• 

For more information on Maple 15 changes, see Updates in Maple 15.

See Also

Finance

Finance[presentvalue]

 


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