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Does Future value of investment includes monthly return also?

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(Querist)
22 March 2023 Future value of 50 lakhs invested before 19 years with rate of return of 12% amounts to Rs 4,30,63,000.
Whether this amount includes monthly return also?

If yes, how do I calculate future value of past investment (fv only the lump sum investment amt) excluding monthly return on such investment?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
22 March 2023 No. It is compounded annually, so no monthly return included.
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