## Thinking Mathematically (6th Edition)

The future value of a loan is the total amount of money that must be paid in order to pay off the loan. The future value of a loan is the sum of the present value of the loan and the interest. We can use this formula to calculate the future value $A$ of a loan. $A = P + I$ $A = P + Prt$ $A = P~(1+rt)$