Answer by
steve88 (14)

You'll need to know three things:
1) how much money you have now (let's call it NOW, example $1000)
2) the interest rate % (let's call it INTEREST, example 1% monthly)
3) how many times the interest is applied to your money (let's call it TIMES, example 4 months)
Here's the formula:
MONEYLATER = NOW(1+INT)^TIMES -> 1000*(1+0. 01)^4 = 1040. 60