FV Tables
| FV Factors | FV Factors | ||||||
|---|---|---|---|---|---|---|---|
| Periods | 1% | 2% | 3% | 4% | 5% | 6% | 7% |
| 1 | 1.01 | 1.02 | 1.03 | 1.04 | 1.05 | 1.06 | 1.07 |
| 2 | 1.0201 | 1.0404 | 1.0609 | 1.0816 | 1.1025 | 1.1236 | 1.1449 |
| 3 | 1.0303 | 1.0612 | 1.0927 | 1.1249 | 1.1576 | 1.191 | 1.225 |
| 4 | 1.0406 | 1.0824 | 1.1255 | 1.1699 | 1.2155 | 1.2625 | 1.3108 |
| 5 | 1.051 | 1.1041 | 1.1593 | 1.2167 | 1.2763 | 1.3382 | 1.4026 |
| 6 | 1.0615 | 1.1262 | 1.1941 | 1.2653 | 1.3401 | 1.4185 | 1.5007 |
| 7 | 1.0721 | 1.1487 | 1.2299 | 1.3159 | 1.4071 | 1.5036 | 1.6058 |
| 8 | 1.0829 | 1.1717 | 1.2668 | 1.3686 | 1.4775 | 1.5938 | 1.7182 |
| 9 | 1.0937 | 1.1951 | 1.3048 | 1.4233 | 1.5513 | 1.6895 | 1.8385 |
| 10 | 1.1046 | 1.219 | 1.3439 | 1.4802 | 1.6289 | 1.7908 | 1.9672 |
There are tables that provide these factors for use as a quick reference, so let's practice using the table using just a few straightforward questions. So if you invest $1,000 at 4% today, how much will you have at the end of eight years? To repeat, if you invest at $1,000 at 4% today, how much will you have in eight years? You use the 4% and eight years to find the interest factor and then multiply that times $1,000 to get the final value.
Question 2. If you invest $400 at 7% today, how much will you have in three years? Again, if you invest $400 at 7% today, how much will you have in three years?
Both questions and answers appear in the note pages.