The purpose of the future value tables or FV tables is 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 provide a solution for the part of the future value formula shown in red. This value is sometimes referred to as the future value factor.
FV = PV x Future value factor
Future Value Table 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 Download
The FV tables are available for download in PDF format by following the link below.
FV tables are one of many time value of money tables, discover another at the links below.
Users use these FV 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.
About the Author
Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years in all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a BSc from Loughborough University.