Time Value of Money Calculator
Enter PV, PMT, rate and periods to solve for FV.
Inputs
$
$
%
Result
Future Value$20,544.64
Total Contributed$12,000.00
Interest Earned$8,544.64
About the Time Value of Money Calculator
The Time Value of Money (TVM) Calculator applies the core principle of finance — that a dollar today is worth more than a dollar tomorrow. Enter your present value, payment, rate and periods to project the future value of an investment or savings plan.
Calculation method
Future value combines the growth of a lump sum with the growth of a stream of equal periodic payments, each compounded at the periodic rate.
FV = PV × (1 + r)^n + PMT × [(1 + r)^n − 1] / rHow to use this calculator
- Enter the present value (starting amount).
- Enter the payment made each period.
- Enter the rate per period and number of periods.
- Read the future value and total interest earned.
Example
Starting with $10,000 and adding $200 per period at a 6% rate for 10 periods produces a future value near $20,543 — of which $8,543 is interest earned.
Frequently asked questions
What is the time value of money?
The idea that money available now is more valuable than the same amount in the future because it can earn interest or returns in the meantime.
Which variables can this calculator solve?
This tool solves for future value from PV, PMT, rate and periods. For solving other variables (rate, term, payment), use our Financial Calculator (TVM solver).
Are the rate and periods annual or monthly?
Use whichever period matches your data — as long as the rate and number of periods use the same unit. For monthly compounding, use rate ÷ 12 and periods × 12.
Disclaimer: This calculator is for informational and educational purposes only and does not constitute financial, tax, or legal advice. Consult a qualified professional for decisions specific to your situation.