The future amount itself and a discount rate.
the current dollar value of a future amount
See: http://en.wikipedia.org/wiki/Net_present_value
F = Future value P = Present Value i = Intrest Rate n = no. of years Therefore, the formula for future value of present amount :- F= P (1+i)n
It is always beneficial to calculate a mortgage payment for the future. Being aware of financial obligations, especially one as large a a mortgage payment, whether in the present or future, is a good...