Present value and future value
Calculate the future value (FV) of an amount invested or the present value (PV) of an amount you will receive, with compound interest.
How to usePresent value and future value calculator
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Present value and future value: what it is for
Choose whether you want the future value or the present value, then enter the amount, the rate and the term. The calculator applies the formula FV = PV × (1 + i)ⁿ or its reverse and shows the interest for the period and the accumulated rate.
It is the basis of financial mathematics, used to compare money at different dates.
How to use
- Choose FV or PV.
- Enter amount, rate and term.
- See the result and the accumulated rate.
When to use it
- Study financial mathematics.
- Find out how much to invest today to have an amount in the future.
- Compare paying now with receiving later.
Frequently asked questions
What is the future value formula?
FV = PV × (1 + i)ⁿ, where i is the rate per period and n is the number of periods. For present value, it's the reverse: PV = FV ÷ (1 + i)ⁿ.
What is present value for?
To compare money at different dates. It shows what an amount you will only receive in the future is worth today, discounting the interest you would miss out on.
Is it really free?
Yes, 100% free. No sign-up, no subscription and no usage limits. All Tools123 are free.