The Future Value Interest Factor (FVIF) is a powerful tool for calculating how much your initial investment will grow over a given period, considering a specific interest rate and time frame.
Let’s illustrate this with an example. Suppose you deposit $1,000 into a savings account offering compound interest at an annual rate of 5%. At the end of the first year, your investment earns 5% interest, amounting to $50. This increases your total to $1,050. In the second year, the magic of compound interest comes into play. You earn 5% interest not just on your original $1,000 but also on the additional $50 earned in the first year. This brings your principal for the second year to $1,050, on which you then earn $52.50 in interest. Thus, your total at the end of the second year becomes $1,102.50.
By the third year, your interest calculation is based on $1,102.50. This progression showcases the ‘interest on interest’ effect central to the compound interest concept. Even if the interest rate remains constant, the total amount accumulates increasingly rapidly over time.
However, manually calculating this growth each time can be laborious. Here, the Future Value Interest Factor (FVIF) simplifies the process. The formula for FVIF is:
FVIF = (1 + r)^n
In this formula, ‘r’ represents the interest rate per period. This could be the annual rate for annual compounding or the monthly rate for monthly compounding. The ‘n’ denotes the number of investment periods, which could be the total years for annual compounding or the total months for monthly compounding.
For ease of computation, we have compiled a comprehensive FVIF table, detailed below:
Table 1: Interest Rate r = 1%-5%, Number of Periods n = 1-25
| Number of Periods | 1% | 2% | 3% | 4% | 5% |
| 1 | 1.0100 | 1.0200 | 1.0300 | 1.0400 | 1.0500 |
| 2 | 1.0201 | 1.0404 | 1.0609 | 1.0816 | 1.1025 |
| 3 | 1.0303 | 1.0612 | 1.0927 | 1.1249 | 1.1576 |
| 4 | 1.0406 | 1.0824 | 1.1255 | 1.1699 | 1.2155 |
| 5 | 1.0510 | 1.1041 | 1.1593 | 1.2167 | 1.2763 |
| 6 | 1.0615 | 1.1262 | 1.1941 | 1.2653 | 1.3401 |
| 7 | 1.0721 | 1.1487 | 1.2299 | 1.3159 | 1.4071 |
| 8 | 1.0829 | 1.1717 | 1.2668 | 1.3686 | 1.4775 |
| 9 | 1.0937 | 1.1951 | 1.3048 | 1.4233 | 1.5513 |
| 10 | 1.1046 | 1.2190 | 1.3439 | 1.4802 | 1.6289 |
| 11 | 1.1157 | 1.2434 | 1.3842 | 1.5395 | 1.7103 |
| 12 | 1.1268 | 1.2682 | 1.4258 | 1.6010 | 1.7959 |
| 13 | 1.1381 | 1.2936 | 1.4685 | 1.6651 | 1.8856 |
| 14 | 1.1495 | 1.3195 | 1.5126 | 1.7317 | 1.9799 |
| 15 | 1.1610 | 1.3459 | 1.5580 | 1.8009 | 2.0789 |
| 16 | 1.1726 | 1.3728 | 1.6047 | 1.8730 | 2.1829 |
| 17 | 1.1843 | 1.4002 | 1.6528 | 1.9479 | 2.2920 |
| 18 | 1.1961 | 1.4282 | 1.7024 | 2.0258 | 2.4066 |
| 19 | 1.2081 | 1.4568 | 1.7535 | 2.1068 | 2.5270 |
| 20 | 1.2202 | 1.4859 | 1.8061 | 2.1911 | 2.6533 |
| 21 | 1.2324 | 1.5157 | 1.8603 | 2.2788 | 2.7860 |
| 22 | 1.2447 | 1.5460 | 1.9161 | 2.3699 | 2.9253 |
| 23 | 1.2572 | 1.5769 | 1.9736 | 2.4647 | 3.0715 |
| 24 | 1.2697 | 1.6084 | 2.0328 | 2.5633 | 3.2251 |
| 25 | 1.2824 | 1.6406 | 2.0938 | 2.6658 | 3.3864 |
Table 2: Interest Rate r = 1%-5%, Number of Periods n = 26-50
| Number of Periods | 1% | 2% | 3% | 4% | 5% |
| 26 | 1.2953 | 1.6734 | 2.1566 | 2.7725 | 3.5557 |
| 27 | 1.3082 | 1.7069 | 2.2213 | 2.8834 | 3.7335 |
| 28 | 1.3213 | 1.7410 | 2.2879 | 2.9987 | 3.9201 |
| 29 | 1.3345 | 1.7758 | 2.3566 | 3.1187 | 4.1161 |
| 30 | 1.3478 | 1.8114 | 2.4273 | 3.2434 | 4.3219 |
| 31 | 1.3613 | 1.8476 | 2.5001 | 3.3731 | 4.5380 |
| 32 | 1.3749 | 1.8845 | 2.5751 | 3.5081 | 4.7649 |
| 33 | 1.3887 | 1.9222 | 2.6523 | 3.6484 | 5.0032 |
| 34 | 1.4026 | 1.9607 | 2.7319 | 3.7943 | 5.2533 |
| 35 | 1.4166 | 1.9999 | 2.8139 | 3.9461 | 5.5160 |
| 36 | 1.4308 | 2.0399 | 2.8983 | 4.1039 | 5.7918 |
| 37 | 1.4451 | 2.0807 | 2.9852 | 4.2681 | 6.0814 |
| 38 | 1.4595 | 2.1223 | 3.0748 | 4.4388 | 6.3855 |
| 39 | 1.4741 | 2.1647 | 3.1670 | 4.6164 | 6.7048 |
| 40 | 1.4889 | 2.2080 | 3.2620 | 4.8010 | 7.0400 |
| 41 | 1.5038 | 2.2522 | 3.3599 | 4.9931 | 7.3920 |
| 42 | 1.5188 | 2.2972 | 3.4607 | 5.1928 | 7.7616 |
| 43 | 1.5340 | 2.3432 | 3.5645 | 5.4005 | 8.1497 |
| 44 | 1.5493 | 2.3901 | 3.6715 | 5.6165 | 8.5572 |
| 45 | 1.5648 | 2.4379 | 3.7816 | 5.8412 | 8.9850 |
| 46 | 1.5805 | 2.4866 | 3.8950 | 6.0748 | 9.4343 |
| 47 | 1.5963 | 2.5363 | 4.0119 | 6.3178 | 9.9060 |
| 48 | 1.6122 | 2.5871 | 4.1323 | 6.5705 | 10.4013 |
| 49 | 1.6283 | 2.6388 | 4.2562 | 6.8333 | 10.9213 |
| 50 | 1.6446 | 2.6916 | 4.3839 | 7.1067 | 11.4674 |
Table 3: Interest Rate r = 6%-10%, Number of Periods n = 1-25
| Number of Periods | 6% | 7% | 8% | 9% | 10% |
| 1 | 1.0600 | 1.0700 | 1.0800 | 1.0900 | 1.1000 |
| 2 | 1.1236 | 1.1449 | 1.1664 | 1.1881 | 1.2100 |
| 3 | 1.1910 | 1.2250 | 1.2597 | 1.2950 | 1.3310 |
| 4 | 1.2625 | 1.3108 | 1.3605 | 1.4116 | 1.4641 |
| 5 | 1.3382 | 1.4026 | 1.4693 | 1.5386 | 1.6105 |
| 6 | 1.4185 | 1.5007 | 1.5869 | 1.6771 | 1.7716 |
| 7 | 1.5036 | 1.6058 | 1.7138 | 1.8280 | 1.9487 |
| 8 | 1.5938 | 1.7182 | 1.8509 | 1.9926 | 2.1436 |
| 9 | 1.6895 | 1.8385 | 1.9990 | 2.1719 | 2.3579 |
| 10 | 1.7908 | 1.9672 | 2.1589 | 2.3674 | 2.5937 |
| 11 | 1.8983 | 2.1049 | 2.3316 | 2.5804 | 2.8531 |
| 12 | 2.0122 | 2.2522 | 2.5182 | 2.8127 | 3.1384 |
| 13 | 2.1329 | 2.4098 | 2.7196 | 3.0658 | 3.4523 |
| 14 | 2.2609 | 2.5785 | 2.9372 | 3.3417 | 3.7975 |
| 15 | 2.3966 | 2.7590 | 3.1722 | 3.6425 | 4.1772 |
| 16 | 2.5404 | 2.9522 | 3.4259 | 3.9703 | 4.5950 |
| 17 | 2.6928 | 3.1588 | 3.7000 | 4.3276 | 5.0545 |
| 18 | 2.8543 | 3.3799 | 3.9960 | 4.7171 | 5.5599 |
| 19 | 3.0256 | 3.6165 | 4.3157 | 5.1417 | 6.1159 |
| 20 | 3.2071 | 3.8697 | 4.6610 | 5.6044 | 6.7275 |
| 21 | 3.3996 | 4.1406 | 5.0338 | 6.1088 | 7.4002 |
| 22 | 3.6035 | 4.4304 | 5.4365 | 6.6586 | 8.1403 |
| 23 | 3.8197 | 4.7405 | 5.8715 | 7.2579 | 8.9543 |
| 24 | 4.0489 | 5.0724 | 6.3412 | 7.9111 | 9.8497 |
| 25 | 4.2919 | 5.4274 | 6.8485 | 8.6231 | 10.8347 |
Table 4: Interest Rate r = 6%-10%, Number of Periods n = 26-50
| Number of Periods | 6% | 7% | 8% | 9% | 10% |
| 26 | 4.5494 | 5.8074 | 7.3964 | 9.3992 | 11.9182 |
| 27 | 4.8223 | 6.2139 | 7.9881 | 10.2451 | 13.1100 |
| 28 | 5.1117 | 6.6488 | 8.6271 | 11.1671 | 14.4210 |
| 29 | 5.4184 | 7.1143 | 9.3173 | 12.1722 | 15.8631 |
| 30 | 5.7435 | 7.6123 | 10.0627 | 13.2677 | 17.4494 |
| 31 | 6.0881 | 8.1451 | 10.8677 | 14.4618 | 19.1943 |
| 32 | 6.4534 | 8.7153 | 11.7371 | 15.7633 | 21.1138 |
| 33 | 6.8406 | 9.3253 | 12.6760 | 17.1820 | 23.2252 |
| 34 | 7.2510 | 9.9781 | 13.6901 | 18.7284 | 25.5477 |
| 35 | 7.6861 | 10.6766 | 14.7853 | 20.4140 | 28.1024 |
| 36 | 8.1473 | 11.4239 | 15.9682 | 22.2512 | 30.9127 |
| 37 | 8.6361 | 12.2236 | 17.2456 | 24.2538 | 34.0039 |
| 38 | 9.1543 | 13.0793 | 18.6253 | 26.4367 | 37.4043 |
| 39 | 9.7035 | 13.9948 | 20.1153 | 28.8160 | 41.1448 |
| 40 | 10.2857 | 14.9745 | 21.7245 | 31.4094 | 45.2593 |
| 41 | 10.9029 | 16.0227 | 23.4625 | 34.2363 | 49.7852 |
| 42 | 11.5570 | 17.1443 | 25.3395 | 37.3175 | 54.7637 |
| 43 | 12.2505 | 18.3444 | 27.3666 | 40.6761 | 60.2401 |
| 44 | 12.9855 | 19.6285 | 29.5560 | 44.3370 | 66.2641 |
| 45 | 13.7646 | 21.0025 | 31.9204 | 48.3273 | 72.8905 |
| 46 | 14.5905 | 22.4726 | 34.4741 | 52.6767 | 80.1795 |
| 47 | 15.4659 | 24.0457 | 37.2320 | 57.4176 | 88.1975 |
| 48 | 16.3939 | 25.7289 | 40.2106 | 62.5852 | 97.0172 |
| 49 | 17.3775 | 27.5299 | 43.4274 | 68.2179 | 106.7190 |
| 50 | 18.4202 | 29.4570 | 46.9016 | 74.3575 | 117.3909 |
Table 5: Interest Rate r = 11%-15%, Number of Periods n = 1-25
| Number of Periods | 11% | 12% | 13% | 14% | 15% |
| 1 | 1.1100 | 1.1200 | 1.1300 | 1.1400 | 1.1500 |
| 2 | 1.2321 | 1.2544 | 1.2769 | 1.2996 | 1.3225 |
| 3 | 1.3676 | 1.4049 | 1.4429 | 1.4815 | 1.5209 |
| 4 | 1.5181 | 1.5735 | 1.6305 | 1.6890 | 1.7490 |
| 5 | 1.6851 | 1.7623 | 1.8424 | 1.9254 | 2.0114 |
| 6 | 1.8704 | 1.9738 | 2.0820 | 2.1950 | 2.3131 |
| 7 | 2.0762 | 2.2107 | 2.3526 | 2.5023 | 2.6600 |
| 8 | 2.3045 | 2.4760 | 2.6584 | 2.8526 | 3.0590 |
| 9 | 2.5580 | 2.7731 | 3.0040 | 3.2519 | 3.5179 |
| 10 | 2.8394 | 3.1058 | 3.3946 | 3.7072 | 4.0456 |
| 11 | 3.1518 | 3.4785 | 3.8359 | 4.2262 | 4.6524 |
| 12 | 3.4985 | 3.8960 | 4.3345 | 4.8179 | 5.3503 |
| 13 | 3.8833 | 4.3635 | 4.8980 | 5.4924 | 6.1528 |
| 14 | 4.3104 | 4.8871 | 5.5348 | 6.2613 | 7.0757 |
| 15 | 4.7846 | 5.4736 | 6.2543 | 7.1379 | 8.1371 |
| 16 | 5.3109 | 6.1304 | 7.0673 | 8.1372 | 9.3576 |
| 17 | 5.8951 | 6.8660 | 7.9861 | 9.2765 | 10.7613 |
| 18 | 6.5436 | 7.6900 | 9.0243 | 10.5752 | 12.3755 |
| 19 | 7.2633 | 8.6128 | 10.1974 | 12.0557 | 14.2318 |
| 20 | 8.0623 | 9.6463 | 11.5231 | 13.7435 | 16.3665 |
| 21 | 8.9492 | 10.8038 | 13.0211 | 15.6676 | 18.8215 |
| 22 | 9.9336 | 12.1003 | 14.7138 | 17.8610 | 21.6447 |
| 23 | 11.0263 | 13.5523 | 16.6266 | 20.3616 | 24.8915 |
| 24 | 12.2392 | 15.1786 | 18.7881 | 23.2122 | 28.6252 |
| 25 | 13.5855 | 17.0001 | 21.2305 | 26.4619 | 32.9190 |
Table 6: Interest Rate r = 11%-15%, Number of Periods n = 26-50
| Number of Periods | 11% | 12% | 13% | 14% | 15% |
| 26 | 15.0799 | 19.0401 | 23.9905 | 30.1666 | 37.8568 |
| 27 | 16.7386 | 21.3249 | 27.1093 | 34.3899 | 43.5353 |
| 28 | 18.5799 | 23.8839 | 30.6335 | 39.2045 | 50.0656 |
| 29 | 20.6237 | 26.7499 | 34.6158 | 44.6931 | 57.5755 |
| 30 | 22.8923 | 29.9599 | 39.1159 | 50.9502 | 66.2118 |
| 31 | 25.4104 | 33.5551 | 44.2010 | 58.0832 | 76.1435 |
| 32 | 28.2056 | 37.5817 | 49.9471 | 66.2148 | 87.5651 |
| 33 | 31.3082 | 42.0915 | 56.4402 | 75.4849 | 100.6998 |
| 34 | 34.7521 | 47.1425 | 63.7774 | 86.0528 | 115.8048 |
| 35 | 38.5749 | 52.7996 | 72.0685 | 98.1002 | 133.1755 |
| 36 | 42.8181 | 59.1356 | 81.4374 | 111.8342 | 153.1519 |
| 37 | 47.5281 | 66.2318 | 92.0243 | 127.4910 | 176.1246 |
| 38 | 52.7562 | 74.1797 | 103.9874 | 145.3397 | 202.5433 |
| 39 | 58.5593 | 83.0812 | 117.5058 | 165.6873 | 232.9248 |
| 40 | 65.0009 | 93.0510 | 132.7816 | 188.8835 | 267.8635 |
| 41 | 72.1510 | 104.2171 | 150.0432 | 215.3272 | 308.0431 |
| 42 | 80.0876 | 116.7231 | 169.5488 | 245.4730 | 354.2495 |
| 43 | 88.8972 | 130.7299 | 191.5901 | 279.8392 | 407.3870 |
| 44 | 98.6759 | 146.4175 | 216.4968 | 319.0167 | 468.4950 |
| 45 | 109.5302 | 163.9876 | 244.6414 | 363.6791 | 538.7693 |
| 46 | 121.5786 | 183.6661 | 276.4448 | 414.5941 | 619.5847 |
| 47 | 134.9522 | 205.7061 | 312.3826 | 472.6373 | 712.5224 |
| 48 | 149.7970 | 230.3908 | 352.9923 | 538.8065 | 819.4007 |
| 49 | 166.2746 | 258.0377 | 398.8813 | 614.2395 | 942.3108 |
| 50 | 184.5648 | 289.0022 | 450.7359 | 700.2330 | 1083.6574 |
Table 7: Interest Rate r = 16%-20%, Number of Periods n = 1-25
| Number of Periods | 16% | 17% | 18% | 19% | 20% |
| 1 | 1.1600 | 1.1700 | 1.1800 | 1.1900 | 1.2000 |
| 2 | 1.3456 | 1.3689 | 1.3924 | 1.4161 | 1.4400 |
| 3 | 1.5609 | 1.6016 | 1.6430 | 1.6852 | 1.7280 |
| 4 | 1.8106 | 1.8739 | 1.9388 | 2.0053 | 2.0736 |
| 5 | 2.1003 | 2.1924 | 2.2878 | 2.3864 | 2.4883 |
| 6 | 2.4364 | 2.5652 | 2.6996 | 2.8398 | 2.9860 |
| 7 | 2.8262 | 3.0012 | 3.1855 | 3.3793 | 3.5832 |
| 8 | 3.2784 | 3.5115 | 3.7589 | 4.0214 | 4.2998 |
| 9 | 3.8030 | 4.1084 | 4.4355 | 4.7854 | 5.1598 |
| 10 | 4.4114 | 4.8068 | 5.2338 | 5.6947 | 6.1917 |
| 11 | 5.1173 | 5.6240 | 6.1759 | 6.7767 | 7.4301 |
| 12 | 5.9360 | 6.5801 | 7.2876 | 8.0642 | 8.9161 |
| 13 | 6.8858 | 7.6987 | 8.5994 | 9.5964 | 10.6993 |
| 14 | 7.9875 | 9.0075 | 10.1472 | 11.4198 | 12.8392 |
| 15 | 9.2655 | 10.5387 | 11.9737 | 13.5895 | 15.4070 |
| 16 | 10.7480 | 12.3303 | 14.1290 | 16.1715 | 18.4884 |
| 17 | 12.4677 | 14.4265 | 16.6722 | 19.2441 | 22.1861 |
| 18 | 14.4625 | 16.8790 | 19.6733 | 22.9005 | 26.6233 |
| 19 | 16.7765 | 19.7484 | 23.2144 | 27.2516 | 31.9480 |
| 20 | 19.4608 | 23.1056 | 27.3930 | 32.4294 | 38.3376 |
| 21 | 22.5745 | 27.0336 | 32.3238 | 38.5910 | 46.0051 |
| 22 | 26.1864 | 31.6293 | 38.1421 | 45.9233 | 55.2061 |
| 23 | 30.3762 | 37.0062 | 45.0076 | 54.6487 | 66.2474 |
| 24 | 35.2364 | 43.2973 | 53.1090 | 65.0320 | 79.4968 |
| 25 | 40.8742 | 50.6578 | 62.6686 | 77.3881 | 95.3962 |
Table 8: Interest Rate r = 16%-20%, Number of Periods n = 26-50
| Number of Periods | 16% | 17% | 18% | 19% | 20% |
| 26 | 47.4141 | 59.2697 | 73.9490 | 92.0918 | 114.4755 |
| 27 | 55.0004 | 69.3455 | 87.2598 | 109.5893 | 137.3706 |
| 28 | 63.8004 | 81.1342 | 102.9666 | 130.4112 | 164.8447 |
| 29 | 74.0085 | 94.9271 | 121.5005 | 155.1893 | 197.8136 |
| 30 | 85.8499 | 111.0647 | 143.3706 | 184.6753 | 237.3763 |
| 31 | 99.5859 | 129.9456 | 169.1774 | 219.7636 | 284.8516 |
| 32 | 115.5196 | 152.0364 | 199.6293 | 261.5187 | 341.8219 |
| 33 | 134.0027 | 177.8826 | 235.5625 | 311.2073 | 410.1863 |
| 34 | 155.4432 | 208.1226 | 277.9638 | 370.3366 | 492.2235 |
| 35 | 180.3141 | 243.5035 | 327.9973 | 440.7006 | 590.6682 |
| 36 | 209.1643 | 284.8991 | 387.0368 | 524.4337 | 708.8019 |
| 37 | 242.6306 | 333.3319 | 456.7034 | 624.0761 | 850.5622 |
| 38 | 281.4515 | 389.9983 | 538.9100 | 742.6506 | 1020.6747 |
| 39 | 326.4838 | 456.2980 | 635.9139 | 883.7542 | 1224.8096 |
| 40 | 378.7212 | 533.8687 | 750.3783 | 1051.6675 | 1469.7716 |
| 41 | 439.3165 | 624.6264 | 885.4464 | 1251.4843 | 1763.7259 |
| 42 | 509.6072 | 730.8129 | 1044.8268 | 1489.2664 | 2116.4711 |
| 43 | 591.1443 | 855.0511 | 1232.8956 | 1772.2270 | 2539.7653 |
| 44 | 685.7274 | 1000.4098 | 1454.8168 | 2108.9501 | 3047.7183 |
| 45 | 795.4438 | 1170.4794 | 1716.6839 | 2509.6506 | 3657.2620 |
| 46 | 922.7148 | 1369.4609 | 2025.6870 | 2986.4842 | 4388.7144 |
| 47 | 1070.3492 | 1602.2693 | 2390.3106 | 3553.9162 | 5266.4573 |
| 48 | 1241.6051 | 1874.6550 | 2820.5665 | 4229.1603 | 6319.7487 |
| 49 | 1440.2619 | 2193.3464 | 3328.2685 | 5032.7008 | 7583.6985 |
| 50 | 1670.7038 | 2566.2153 | 3927.3569 | 5988.9139 | 9100.4382 |
Table 9: Interest Rate r = 21%-25%, Number of Periods n = 1-25
| Number of Periods | 21% | 22% | 23% | 24% | 25% |
| 1 | 1.2100 | 1.2200 | 1.2300 | 1.2400 | 1.2500 |
| 2 | 1.4641 | 1.4884 | 1.5129 | 1.5376 | 1.5625 |
| 3 | 1.7716 | 1.8158 | 1.8609 | 1.9066 | 1.9531 |
| 4 | 2.1436 | 2.2153 | 2.2889 | 2.3642 | 2.4414 |
| 5 | 2.5937 | 2.7027 | 2.8153 | 2.9316 | 3.0518 |
| 6 | 3.1384 | 3.2973 | 3.4628 | 3.6352 | 3.8147 |
| 7 | 3.7975 | 4.0227 | 4.2593 | 4.5077 | 4.7684 |
| 8 | 4.5950 | 4.9077 | 5.2389 | 5.5895 | 5.9605 |
| 9 | 5.5599 | 5.9874 | 6.4439 | 6.9310 | 7.4506 |
| 10 | 6.7275 | 7.3046 | 7.9259 | 8.5944 | 9.3132 |
| 11 | 8.1403 | 8.9117 | 9.7489 | 10.6571 | 11.6415 |
| 12 | 9.8497 | 10.8722 | 11.9912 | 13.2148 | 14.5519 |
| 13 | 11.9182 | 13.2641 | 14.7491 | 16.3863 | 18.1899 |
| 14 | 14.4210 | 16.1822 | 18.1414 | 20.3191 | 22.7374 |
| 15 | 17.4494 | 19.7423 | 22.3140 | 25.1956 | 28.4217 |
| 16 | 21.1138 | 24.0856 | 27.4462 | 31.2426 | 35.5271 |
| 17 | 25.5477 | 29.3844 | 33.7588 | 38.7408 | 44.4089 |
| 18 | 30.9127 | 35.8490 | 41.5233 | 48.0386 | 55.5112 |
| 19 | 37.4043 | 43.7358 | 51.0737 | 59.5679 | 69.3889 |
| 20 | 45.2593 | 53.3576 | 62.8206 | 73.8641 | 86.7362 |
| 21 | 54.7637 | 65.0963 | 77.2694 | 91.5915 | 108.4202 |
| 22 | 66.2641 | 79.4175 | 95.0413 | 113.5735 | 135.5253 |
| 23 | 80.1795 | 96.8894 | 116.9008 | 140.8312 | 169.4066 |
| 24 | 97.0172 | 118.2050 | 143.7880 | 174.6306 | 211.7582 |
| 25 | 117.3909 | 144.2101 | 176.8593 | 216.5420 | 264.6978 |
Table 10: Interest Rate r = 21%-25%, Number of Periods n = 26-50
| Number of Periods | 21% | 22% | 23% | 24% | 25% |
| 26 | 142.0429 | 175.9364 | 217.5369 | 268.5121 | 330.8722 |
| 27 | 171.8719 | 214.6424 | 267.5704 | 332.9550 | 413.5903 |
| 28 | 207.9651 | 261.8637 | 329.1115 | 412.8642 | 516.9879 |
| 29 | 251.6377 | 319.4737 | 404.8072 | 511.9516 | 646.2349 |
| 30 | 304.4816 | 389.7579 | 497.9129 | 634.8199 | 807.7936 |
| 31 | 368.4228 | 475.5046 | 612.4328 | 787.1767 | 1009.7420 |
| 32 | 445.7916 | 580.1156 | 753.2924 | 976.0991 | 1262.1774 |
| 33 | 539.4078 | 707.7411 | 926.5496 | 1210.3629 | 1577.7218 |
| 34 | 652.6834 | 863.4441 | 1139.6560 | 1500.8500 | 1972.1523 |
| 35 | 789.7470 | 1053.4018 | 1401.7769 | 1861.0540 | 2465.1903 |
| 36 | 955.5938 | 1285.1502 | 1724.1856 | 2307.7070 | 3081.4879 |
| 37 | 1156.2685 | 1567.8833 | 2120.7483 | 2861.5567 | 3851.8599 |
| 38 | 1399.0849 | 1912.8176 | 2608.5204 | 3548.3303 | 4814.8249 |
| 39 | 1692.8927 | 2333.6375 | 3208.4801 | 4399.9295 | 6018.5311 |
| 40 | 2048.4002 | 2847.0378 | 3946.4305 | 5455.9126 | 7523.1638 |
| 41 | 2478.5643 | 3473.3861 | 4854.1095 | 6765.3317 | 9403.9548 |
| 42 | 2999.0628 | 4237.5310 | 5970.5547 | 8389.0113 | 11754.9435 |
| 43 | 3628.8659 | 5169.7878 | 7343.7823 | 10402.3740 | 14693.6794 |
| 44 | 4390.9278 | 6307.1411 | 9032.8522 | 12898.9437 | 18367.0992 |
| 45 | 5313.0226 | 7694.7122 | 11110.4082 | 15994.6902 | 22958.8740 |
| 46 | 6428.7574 | 9387.5489 | 13665.8021 | 19833.4158 | 28698.5925 |
| 47 | 7778.7964 | 11452.8096 | 16808.9365 | 24593.4356 | 35873.2407 |
| 48 | 9412.3437 | 13972.4277 | 20674.9919 | 30495.8602 | 44841.5509 |
| 49 | 11388.9358 | 17046.3618 | 25430.2401 | 37814.8666 | 56051.9386 |
| 50 | 13780.6123 | 20796.5615 | 31279.1953 | 46890.4346 | 70064.9232 |
FVIF Table Use Case
Consider a practical scenario where you invest $1,000 with an annual interest rate of 5% over 5 years. To ascertain the total amount accumulated after these 5 years, we must first determine the Future Value Interest Factor (FVIF).
This factor is calculated using the formula: FVIF = (1 + 5%)^5, which approximately equals 1.2763. Alternatively, this same result can be conveniently obtained by referring to an FVIF table, selecting the values corresponding to an interest rate (r) of 5% and a period (n) of 5 years, which will also indicate a factor of 1.2763.
To calculate the future value of your investment after 5 years, multiply your initial investment amount ($1,000) by the computed FVIF. Consequently, the future value of your funds at the end of this period would be $1,276.30. This method provides a clear and precise way to understand the growth of your investment over time.
