Editing Future value (section)

{{Short description|Value of an asset at a specific date}}
{{for|the computer science concept|Futures and promises}}
{{Refimprove|date=January 2010}}
'''Future value''' is the [[value (economics)|value]] of an [[asset]] at a specific date.<ref>{{Cite web|url=https://auth.edgenuity.com/Login/Login/Student|title=Edgenuity for Students|website=auth.edgenuity.com}}</ref> 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]].<ref>[https://archive.today/20110414165542/http://magic.education2020.com/vocImages/105937-future-value.jpg EDUCATION 2020 HOMESCHOOL CONSOLE. FORMULA FOR CALCULATING THE FUTURE VALUE OF AN ANNUITY] Accessed: 2011-04-14. ([https://archive.today/20110414165542/http://magic.education2020.com/vocImages/105937-future-value.jpg Archived by WebCite®]  )</ref>
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.