Time Value of Money Calculator

Your details

Select the variable you want to find. Fill in the remaining four fields.
The current lump-sum amount. A positive number means you are investing or depositing it.
The amount you want at the end of the period. Leave at 0 for a pure annuity.
The nominal annual interest rate (not effective/APY). The calculator converts it to a per-period rate using the compounding frequency.
%
The total number of compounding periods. When compounding annually this equals years; monthly compounding means this equals months divided by 12 (enter years here and the calculator converts).
years
Regular cash flow each period. Use a positive value for deposits/investments, negative for withdrawals/loan payments. Leave at 0 for a lump-sum-only calculation.
How many times per year interest is compounded. More frequent compounding grows money faster.
Ordinary annuity: payments fall at the end of each period (most loans). Annuity due: payments fall at the beginning (rent, leases).
Currency
Result
$17,908.48

The solved variable (FV, PV, or PMT) in the selected currency

Total Interest Earned$7,908.48
Total Contributions$10,000.00
Effective Annual Rate (APY)0.06%
Doubling Time (Rule of 72)12years
Contributions$10,000.00
Interest Earned$7,908.48

Future Value: see the full breakdown below.

  • Over 10 years at 6% per year (annually), your money grows to the calculated future value.
  • Interest accounts for 79.1% of the final balance - the power of compounding over time.
  • With annually compounding, the effective annual rate (APY) is 6.000%, which is higher than the nominal rate of 6%.
  • At 6%, money doubles approximately every 12.0 years.

Next stepUse the growth chart to visualise how the balance builds over time, and adjust inputs to explore different scenarios.

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