Time Value of Money (TVM) Calculator (2024)

Whether you’re borrowing for a home, car, or an education, investing in a CD, looking at stock market returns, or considering an annuity, it all depends on the same basic formula: the time value of money.

A calculator for the time value of money consists of five basic inputs.

• Future value: The estimated value of a current asset at a specified future date, based on the rate of return.
• Present value: The value of an expected sum of money, discounted by compounding interest rates to the present day.
• Interest rate or rate of return: This may be a nominal rate, or the “real” rate, which accounts for inflation.
• Time: Can also be expressed as the number of periods from start to finish.
• Payments: Could be contributions to an investment account or payments on a loan.

Using the calculator, you can answer pretty much any money math question by adding in all but one variable and “solving for X.” Once you’ve mastered the relationship between money and time, you can make saving, investing, and borrowing decisions with an extra dose of confidence.

Mortgage Payment Calculator

Estimate your monthly mortgage payments with our free mortgage calculator. Account for interest rates, compound frequency and pay back schedule.

Compound Interest Calculator

Compounding means getting returns on your previous returns plus your initial investment. Learn how to grow your savings with our compound interest calculator.

Percentage Increase Calculator

Calculate the increase from one value to another with our free percentage increase calculator. Evaluate population growth, inflation, stock values and more.

Retirement Income Calculator

Are you on track for retirement? Use our free retirement calculator to help determine how much you'll need to save each year to retire at your desired age.