TVM Calculator (Time Value of Money)

Solve basic time value of money problems with N, I/Y, PV, PMT and FV. The calculator interface is currently shown in English.

Time Value of Money (TVM) Calculator

Enter any four variables among N, I/Y, PV, PMT and FV, select the unknown variable and payment timing, then click Calculate.

This tool is for learning and estimation only and does not constitute any investment, loan or financial advice.

TVM Input Area

N · Number of Periods

I/Y · Interest Rate per Period (% per period)

PV · Present Value

PMT · Payment per Period

FV · Future Value

Payment Timing

End (ordinary annuity, payment at end of period)Begin (annuity due, payment at beginning of period)

Most loans and bonds use end-of-period payments; some rents and annuities use beginning-of-period payments.

Unknown Variable (to be calculated)

Make sure the other four variables are filled in clearly. Empty fields are treated as unknown.

Result

After filling in four variables and selecting the unknown variable, click "Calculate" to see the result here.

Sign convention: Positive numbers usually represent cash inflow (receive), and negative numbers represent cash outflow (pay). For example, taking out a loan: PV is positive (receive money), PMT is negative (repay each period).

This tool is implemented purely in the browser and does not store any data. All calculations are for teaching/learning and estimation only and do not constitute any investment or lending recommendation.