Time Value of Money Calculator
Solve for present value, future value, rate, number of periods, or a level loan/annuity payment. Pick what to solve for and fill in the rest.
Solve for
Present Value
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PV = FV / (1 + r)^n
Use the rate and periods for the same interval. For monthly figures, divide the annual rate by 12 and multiply years by 12. Educational tool — not investment advice.
How time value of money works
A dollar today is worth more than a dollar later because it can earn interest. Present and future value move between the two:
PV = FV / (1 + r)ⁿ FV = PV × (1 + r)ⁿ
Always use the rate and the number of periods on the same interval (annual with years, monthly with months). See the full present value and all finance formulas.