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Finance

 futurevalue
 future value of an amount

 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?

 > $\mathrm{with}\left(\mathrm{Finance}\right):$
 > $\mathrm{futurevalue}\left(1000,0.06,3\right)$
 ${1191.016000}$ (1)

This is the same as doing:

 > $1000{\left(1+0.06\right)}^{3}$
 ${1191.016000}$ (2)

Compatibility

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