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Future Value (FV)

The time-equivalent value of past, present, or future cash flows expressed as of some future point in time.  

The cost of a capital project or other such future event based on current values (CV) that have been inflated, typically compounded annually until the event.

Future Value (FV)
Fig. Future values (FV) of projects shown at 2% escalation beside the current values (CV)

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