The variable that you are solving for in a future value of a lump sum problem is future value .
The worth of a current asset at some point in the future based on a predicted rate of growth is known as future value (FV).
For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future. Investors can make wise investment choices by knowing the future worth.
Future value of a lump sum problem is calculated - FV=PV(1+i)N
Where FV is future value PV is present value i is discount rate and N stands for number of periods.
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