Function to calculate the future value of an amount.
Usage
fv()
Arguments
Value
The future value of an amount.
Details
The user inputs are as follows:
Present Value: entered in decimals. For e.g. 105.50
Rate: entered in decimals. For e.g. 5 per cent is entered as 0.05
Time: entered in number of years. For e.g. half year is 0.5
Compounding frequency: chosen amongst continuous/Quarterly/Semi-annual/Annual
References
John C. Hull, "Options, Futures, and Other Derivatives", 8/E, Prentice Hall, 2012.