Future Value = Present Value x (1 + 0.022)Number of Periods Where: “Present Value” is a sum of money in the present. “Rate of return” is a decimal value rate of return per period (the calculator above uses a percentage). A return of “2.2%” per year would be calculated as “...
Inflation's Effect on Prices Investopediareports that inflation is calculated by the actual change in prices of consumer goods, but you can use historical inflation data to estimate future prices, which can help you ensure that your financial planning is as accurate as possible. Calculate this figu...
Future value (the dollar amount you will receive in the future. A standard mortgage will have a zero future value because it is paid off at the end of the term.) Calculating Future and Present Value Many people use a financial calculator to quickly solve TVM questions. By knowing how to ...
Estimate how much in retirement assets you need for your desired retirement date. Base this on what you currently have and are saving on an annual basis. An online retirement calculator can do the math for you. If 4% or less of this balance at the time of retirement covers the remaining ...