# Future Value Tables

The purpose of the future value tables is to make it possible to carry out future value calculations without the use of a financial calculator.

They provide the value at the end of period n of 1 received now at a discount rate of i%.

The future value formula is:

`FV = PV x (1 + i)n`

Future value tables are used to provide a solution for the part of the future value formula shown in red, this is sometimes referred to as the future value factor.

`FV = PV x Future value factor`

## Future Value Tables Example

What is the future value of 5,000 received today in 12 years time, if the discount rate is 6%?

```PV = 5,000
n = 12
i = 6%
FV = PV x(1 + i)n
FV = 5,000 x (1 + 6%)12
FV = 5,000 x Future value factor for n = 12, i = 6%
FV = 5,000 x 2.0122
FV = 10,061
```

The future value factor of 2.0122, is found using the tables by looking along the row for n = 12, until reaching the column for i = 6%, as shown in the preview below.

Future value tables are one of many time value of money tables, discover another at the links below.

Notes and major health warnings
Users use these future value tables at their own risk. We make no warranty or representation as to its accuracy and we are covered by the terms of our legal disclaimer, which you are deemed to have read. This is an example of a future value factor table that you might use when considering how to calculate future values. It is purely illustrative of a future value of 1 table. This is not intended to reflect general standards or targets for any particular business, company or sector. If you do spot a mistake in these time value of money tables, please let us know and we will try to fix it.
Future Value Tables November 6th, 2016

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