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
You can use the following template in order to derive the future value using Python:
PV = Present Value r = Interest Rate n = Number of Periods FV = PV*(1+r/100)**n print (FV)
And this is the complete 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