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