Previous Page TVM Home Next Page TVM01 - Future Value of a Single Sum TVM01 - Computing Future Value of a Single Sum from Richard Campbell Audio Transcript This is a future value of a single sum problem. What is the future value of $60,000 invested for 6 years compounded annually at an interest rate of 8.5%? First, plug in the known values into the appropriate cells: The present value – PV – is ($60,000) The interest rate – Rate – is 8.5% The number of periods – NPER – is 6 The unknown – future value – FV is determined by Going to the Formulas tab, look for the FV function. The function wizard pops up Select PV, Select Rate, Select NPER Hit OK The future value is $97,888