How Is This Calculated Either Manually Or On A Calculator?
Future value of money, and calculating to the power on a calculator?
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The future value of money is calculated by (1 + interest) power the number of years. So it is very simple to calculate. Add it and then calculate the power.
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Find the interest and add it in. Then multiply by itself as many times at the power requires. On a calculator the carat ^ would be used.
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