future value of an amount
futurevalue(amount, rate, nperiods)
amount at period = 0
interest rate per period
number of periods
This function calculates the value at period=nperiods of an amount given at period=0, when the interest rate is given by rate.
The futurevalue function carries an amount towards the future; the presentvalue function carries it towards the past.
Since futurevalue used to be part of the (now deprecated) finance package, for compatibility with older worksheets, this command can also be called using finance[futurevalue]. However, it is recommended that you use the superseding package name, Finance, instead: Finance[futurevalue].
I have 1000 units now. How much will that amount be in 3 years if I invest it at 6% per year?
This is the same as doing:
The Finance[futurevalue] command was introduced in Maple 15.
For more information on Maple 15 changes, see Updates in Maple 15.
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