Future value is a value of an investment or asset on a specific date in the future. To put it another way, the future value is the amount of money a given investment will be worth after a certain period, assuming a specific rate of return (interest rate). Both investors and financial planners emphasize future value because it allows them to estimate how much an investment today will be worth in the future. It assists investors in making sound financial decisions based on their financial objectives. Thus, businesses and individuals must understand the future value of their assets. The most practical method for this is to use a future value calculator.