Time Value of Money (TVM) solver

Enter any 4 values and press the Solve button next to the empty field to calculate the missing value.

N (Periods)

Interest Rate (I/Y % per year)

Present Value (PV)

Periodic Payment (PMT)

Future Value (FV)

Compounding Frequency

Payment Timing

TVM Solved Result

Solved Value	—
Explanation	—

Time Value of Money (TVM) Fundamentals

The **Time Value of Money (TVM)** is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity. TVM equations form the foundation of almost all corporate finance, lending, and investment products.

The 5 variables in TVM:

N (Periods): The total number of periods over which interest accumulates and payments are made.
I/Y (Interest Rate): The annual nominal interest rate in percent.
PV (Present Value): The starting amount or initial loan/asset balance. By convention, cash outflows are negative, and cash inflows are positive.
PMT (Periodic Payment): The amount paid or received in each period.
FV (Future Value): The target ending balance at the end of N periods.

Disclaimer. This calculator is for informational purposes only. By standard financial sign convention, cash flowing out (deposits, purchases) must be negative, and cash flowing in (loans, withdrawals) must be positive.