At the end of the time, the total amount, principal and interest, is called the future value or maturity value. There are two ways to compute this value. Future Value for Simple Interest Formula: FV = P + I or FV = P(1 + rt) where I is the interest, P is the principal, r is the rate, and t is the time in years.
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At the end of the time, the total amount, principal and interest, is called the future value or maturity value. There are two ways to compute this value. Future Value for Simple Interest Formula: FV = P + I or FV = P(1 + rt) where I is the interest, P is the principal, r is the rate, and t is the time in years.
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