Single-Sum Problems Future Value of a Single Sum Multiply the future value factor by its present value (principal) Illustration: BE6-1 Steve Allen invested $10,000 today in a fund that earns 8%compounded annually.To what amount will the investment grow in 3 years? Chapter 6-15 LO 5 Solve future and present value of 1 problems.Chapter 6-15 Future Value of a Single Sum Multiply the future value factor by its present value (principal). Illustration: BE6-1 Steve Allen invested $10,000 today in a fund that earns 8% compounded annually. To what amount will the investment grow in 3 years?