Future values Future value -amount to which an investment will grow after earning interest Compound Interest -Interest earned on interest Simple interest Interest earned only on the original investment Irwin/McGraw-Hill CThe McGraw-Hill Commpanies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 3- 3 Irwin/McGraw-Hill Future Values Future Value - Amount to which an investment will grow after earning interest. Compound Interest - Interest earned on interest. Simple Interest - Interest earned only on the original investment