10.9 Future and Present Value Factors (Multipliers)
Here is another look at a somewhat less abbreviated interest rate table. Assume that we are given $1 of Present- and Future-Values respectively. (Fill in the empty 15% column by hand and compare your answers to the factors in the published tables; see the link to Interest Rate Tables below.) Note that, in using tables, “Periods” = n × p.
Future Value Factors Formula: FV = PV (1 + R/p)n×p
Present Value Factors Formula: PV = FV ÷ (1 + R/p)n×p
Here are some interest rate tables for you to use:
http://www.retailinvestor.org/pdf/futurevaluetables.pdf