Future value measures what money is worth at a specified time in the future assuming a certain interest rate
For example, you plan to invest $10,000 in a certificate of deposit at 5% for
three years; how much will you have at the end of the three years?
Another example is putting $50 a month in your college fund.
How much will you have when she goes to college in 10 years, assuming the rate
of return is 6%