How to Calculate the Future Value using Python

You can use the following template in order to calculate the Future Value using Python:

pv = present value
r = interest rate
n = number of periods

fv = pv*(1+r/100)**n

print(fv)

Steps to Calculate the Future Value using Python

Step 1: Gather the data

To start, gather the data for the future value calculations.

For example, let’s use the following data:

  • Present value (pv) = 3000
  • Interest rate in % (r) = 5
  • Number of periods (n) = 9

The goal is to derive the future value based on the above data.

Step 2: Get the Future Value using Python

Here is the Python code to get the future value for our example:

pv = 3000
r = 5
n = 9

fv = pv*(1+r/100)**n

print(fv)

Run the code and you’ll get the future value of 4653.98