#### How to Find the Present Value

In order to find the future value you need to use this formula:

FV= PV(1+i)^t

PV= Present Value

i= interest rate

t= periods (time)

Remember your compound periods (this is how many times you compound the interest) :

Annually: 1

Semi-annually: 2

Quarterly: 4

Monthly: 12

Weekly: 56

Yearly: 360

Let's do an example:

Find the future value of $1000 dollars compound quarterly with an interest of 12% for 4 years.

In the financial calculator this is the input to find the future value:

Since you are compounding quartely first find out the number of periods by multiplying 4 years by 4 periods, therefore you have 4X4= 16 periods, also you need to divide the rate by 4, 12/4 = 3%.

Now you can plug it in the calculator:

N= 16

I= 3

PV= -1000 (the pv must be negative or the calculator will give you an error)

PMT= 0

FV= 1604.71