FV, or Future Value, refers to the amount of money an investment will grow to over a specific period of time at a given interest rate. It helps in understanding how much an initial sum will be worth in the future, considering factors like interest rates and time. FV is crucial in financial calculations, as it allows individuals and businesses to plan for future expenses, savings goals, and investment returns.
congrats on reading the definition of FV. now let's actually learn it.