Future value

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Future value is the value of an asset at a specific date.^[1] It measures the nominal future sum of money that a given sum of money is "worth" at a specified time in the future assuming a certain interest rate, or more generally, rate of return; it is the present value multiplied by the accumulation function.^[2] The value does not include corrections for inflation or other factors that affect the true value of money in the future. This is used in time value of money calculations.