What is the difference between the present value and the fut

What is the difference between the present value and the future value?

What are the examples of them? (loan, mortgage.....)

Solution

The future value (FV) measures the nominal future sum of money that a given sum of money is \"worth\" at a specified time in the future assuming a certain interest rate, or more generally, rate of return. The FV is calculated by multiplying the present value by the accumulation function

On the other hand, the present value (PV) is the value on a given date of a payment or series of payments made at other times.
for example - annuity,loan etc