# How to Calculate Future Value: Formula & Example

Instructions:

question 1 of 3

### Using the future value formula can:

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### 2. Why should the future value formula be taken as a best guess, and not a guarantee of a future value?

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Future value refers to how much something will be worth in the future, and there is a formula that can be used to help determine it. The quiz and worksheet combination will show you the formula and test you on the factors involved.

## Quiz & Worksheet Goals

Students will answer questions related to:

• The advantage of using the future value formula
• Interest rates and their relationship to the future value formula
• What the variables in the future value formula stand for

## Skills Practiced

This worksheet and quiz let you practice the following skills:

• Reading comprehension - ensure that you draw the most important information from the related accounting lesson
• Knowledge application - use your knowledge to identify a true statement about calculating future value
• Information recall - access the knowledge you've gained regarding the formula for future value and the factors that are involved in it