Future Value Formula Sample Clauses

Future Value Formula. The future value of a receipt or payment in respect of a Nonpurpose Investment shall be determined by using the following formula: FV=PV(1 + i)^n where: FV = the future value of the receipt or payment; PV = the amount of the receipt or payment; i = Bond Yield divided by the number of compounding intervals in a year; and n = the number of whole or fractional compounding intervals from the date of the receipt or payment to the last day of a Bond Year or the Computation Period.