Simple Interest (FV What is the Future Value(Fv of the deposit? FV =Po+ S/ =$1,000+$140 =$1,140 n Future value is the value at some future time of a present amount of money, or a series of payments, evaluated at a given interest rate 3-83-8 FV = P0 + SI = $1,000 + $140 = $1,140 Future Value is the value at some future time of a present amount of money, or a series of payments, evaluated at a given interest rate. Simple Interest (FV) What is the Future Value (FV) of the deposit?