Time Value of Money Calculator
A free, online TVM calculator.
What Is the Time Value of Money?
Time value of money (TVM) calculator with selectable dates and printable TVM schedules. Solve for one of 5 unknowns:
- Present value - PV
- Term - number of cash flows
- Rate
- Cash flow amount (debit/credit)
- Future Value - FV
Time Value of Money (TVM) is the principle that the value of money changes over time. One dollar today is worth more than one dollar tomorrow.
What are the five core Time Value of Money (TVM) calculations?
- Present Value (PV)
- The current value of a future sum of money or a series of cash flows.
- Future Value (FV)
- The value of an asset or cash flow at a specified date in the future.
- Cash Flow (annuity)
- A series of equal payments or receipts occurring over multiple periods.
- Interest Rate (discount rate)
- The rate used to discount future cash flows or to calculate growth.
- Term(number of periods)
- The total number of compounding or payment periods in the calculation.
This free TVM calculator can perform each of these calculations. Enter 0 for the value that you want the calculator to solve for.
In addition to solving for any one of the five unknowns, this calculator also generates a time value of money schedule. A TVM schedule is a report that shows the interim interest calculations and the arithmetic that explains the change from present value to future value. More details are provided below…