Future Value and Present Value Calculator
Find what money grows to in the future, or what a future amount is worth today.
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Future Value
- From the lump sum
- From the payments
- Periods
- Growth factor
- Total put in
- Excel Check
Saved Results
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Future Value and Present Value
Future value (FV) is what money today, plus any regular payments, grows to at a given rate. Present value (PV) runs the other way: what a future amount, or a stream of future payments, is worth today. Discounting at a higher rate makes future money worth less today.
FV = PV × (1 + i)n + PMT × ((1 + i)n − 1) ÷ i
PV = FV ÷ (1 + i)n + PMT × (1 − (1 + i)−n) ÷ i
i is the rate per period and n the number of periods. Payments at the start of each period (an annuity due) are multiplied by (1 + i). These match Excel's FV and PV functions, which show money you pay out as negative.
Worked Example
Present Value of $1,000
| Years | At 3% | At 6% | At 10% |
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