Free tool
Present value and future value calculator
See what an amount will be worth later, or what a future amount is worth today.
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How it works
How it works
Future value = amount x (1 + rate)^years. Present value = future amount divided by (1 + rate)^years. Interest is compounded yearly.
FAQ
About this calculator
What is the time value of money?
A dollar today is worth more than a dollar later because today's dollar can earn interest.
Which rate should I use for present value?
A discount rate that reflects what you could earn elsewhere and the risk involved.
Does it compound monthly?
No. It compounds once a year. The compound interest calculator lets you pick the frequency.
Is anything saved?
No. The math runs in your browser and nothing you enter is sent to us.
Is this tax or financial advice?
No. It is a calculator for general information. Check the numbers against your own records, and ask an accountant before you act on them.
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General information, not tax or legal advice. How we write and check our tools.