TVM Calculator
Time Value of Money (PV, FV, PMT, N, Rate)TVM Solution
Calculated Future Value (FV)
$51,691.80
Compounded Monthly for 10 Years
Starting Principal (PV):$10,000.00
Total Payments Made:$24,000.00
Total Interest Earned:+$17,691.80
Frequently Asked Questions
• PV (Present Value): Current value of a future sum of money.
• FV (Future Value): Value of a current asset at a specified date in the future.
• PMT (Payment): Fixed amount received or paid every period.
• I/Y (Interest Rate): Rate of return or discount rate per year.
• N (Periods): Total number of compounding periods or years.
• FV (Future Value): Value of a current asset at a specified date in the future.
• PMT (Payment): Fixed amount received or paid every period.
• I/Y (Interest Rate): Rate of return or discount rate per year.
• N (Periods): Total number of compounding periods or years.
In an Ordinary Annuity, cash flows occur at the end of each payment period (e.g. mortgage payments, bond coupons). In an Annuity Due, payments occur at the beginning of each period (e.g. rent, lease payments), which generates slightly higher interest.