What is the future value of $1?

The future value of $1 depends on several factors, including the rate of inflation, interest rates, and investment returns. Generally, the future value of $1 will be lower if inflation is high and higher if interest rates are high.

For example, if you were to invest $1 in a savings account with an annual interest rate of 2%, the future value of that $1 would be $1.02 after one year. However, if inflation during that same time period is 3%, the purchasing power of that $1 would actually be less in the future.

Overall, it is important to consider the various economic factors that can influence the future value of money when making financial decisions.