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LSDefine

Simple English definitions for legal terms

future value

Read a random definition: Alien Registration Card (ARC)

A quick definition of future value:

Future value refers to the amount of money that a present sum or a series of payments will be worth at a specific interest rate in the future. It's like predicting how much money you will have if you save or invest it for a certain amount of time. For example, if you save $100 today and the interest rate is 5%, the future value of that money in one year will be $105. Future value helps people plan for their financial future and make smart decisions about saving and investing.

A more thorough explanation:

Definition: Future value is the value of a sum of money or a series of payments at a specific interest rate at some point in the future.

For example, if you invest $100 today at an interest rate of 5%, the future value of that investment after one year would be $105.25. This means that if you leave the $100 invested for one year, it will be worth $105.25 at the end of the year.

Another example is if you make monthly payments of $100 into a savings account that earns 3% interest per year. After 5 years, the future value of your payments would be $6,116. This means that if you continue to make monthly payments of $100 for 5 years, you will have $6,116 in your savings account at the end of the 5 years.

Future value is important in financial planning because it helps you understand how much your money will be worth in the future and how much you need to save or invest to reach your financial goals.

future use | FWC

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20:07
I am semi proficient in spanish.
20:08
nice same. This sounds bad but I do not like how spanish sounds.
20:09
or english for that matter
20:09
There is nothing wrong with that. I like all the languages. It is tones that annoy me.
20:10
and fabrics
20:14
@GalenMeric: Sorry, tones is what I meant. Are you a wool fabric fan?
20:40
I think my only wool piece is my suits, and I like those quite a bit.
21:11
Wool is the best fabric
21:12
I only buy wool, denim, leather, and loop wheel cotton
21:31
@NemoPropheta: Im on that polyester, nylon, spandex, rayon, and fleece grind fam
21:32
jk but fr: I was watching how to fold dress shirts so they do not wrinkle, and the dude did his folding on a wool blanket so that the wool fibers grabbed the cotton shirt (like velcro), that is smart asf
21:32
That is smart
21:33
I want a weatherwool blanket
21:33
But I hang my shirts but Ive heard arguments against it
21:34
Generally I fold knitwear and hang everything else
21:35
Cant wait to get that big law money and spend it all on clothes 🙏
21:37
@NemoPropheta: his point was to protect the collar at all costs, therefore fold most shirts. I HATE when collars be acting out, so I will adpot his method: https://www.youtube.com/shorts/QaVKudd36zc?feature=share
21:38
oh fr wearin a suit is so fun t. someone who wears a suit seldomly
21:40
Yeah that makes sense, I do hate when my collar stick out at the sides, I cant figure out how to iron them so they maintain their shape
21:48
collar stays may be the answer. also, shirt stays are goated
21:50
@NemoPropheta: those look so nice, but i feel like one spec of dirt or one crease will ruin ur week, even if the money means nothing?
23:18
Idk I like worm i
23:19
bruh
23:19
I like worn in leather, and dirt is easy enough to clean off*
OrangeThing
23:27
Am I still muted on here
OrangeThing
23:27
Oh I guess not
OrangeThing
23:27
Hello all
f$ll to MarqU baby
Ur-
0:34
@OrangeThing: Welcome back Renard99
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