Time Value of Money Calculator

Calculate PV, FV, PMT, rate, or periods for any investment.

📅

TVM Calculator

Enter four values to calculate the fifth.

Future value
$0
Total contributions: $0
Present value
$0
Future value
$0
Total contributions
$0
Interest earned
$0
Effective annual rate
0%
Solution type
FV

Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Present value ($)$50,000
Future value ($)$0
Payment per period ($)$500
Annual rate (%)7%
Number of periods (years)10
ResultValue
Future value$105,266
Present value$50,000
Total contributions$55,000
Interest earned$50,266
Effective annual rate7.00%
Solution typeSolving for FV

Values shown are produced by this page in your browser; change any input to update them.

How to use the TVM Calculator

  1. Present value ($) — default $50,000
  2. Future value ($) — default $0
  3. Payment per period ($) — default $500
  4. Annual rate (%) — default 7%
  5. Number of periods (years) — default 10
  6. Press Calculate to update the results instantly.

Frequently asked questions

A dollar today is worth more than a dollar tomorrow, because it can be invested. TVM converts between present and future amounts.
Enter four of the five values (PV, FV, PMT, rate, periods) and leave the one you want blank. The calculator solves for it.
Your opportunity cost: the return you could earn elsewhere at similar risk. For cash-flow planning many use 5-8%.

Sources & references