TVM (Time Value of Money) Calculator calculates value of money in a given amount of interest earned over a given amount of time, including the Present Value or Future Value of a cash flow or annuity, the Annuity Payment given the Present or Future Value of the annuity, and the Nominal Annual Rate which an investment must earn to grow to a Future Value in a specified number of Periods. This calculator assumes the payment frequency the same as interest compounding frequency.

• Present Value Field - The Present Value is calculated or entered in this field.
• Payment Field - The Annuity Payment is calculated or entered in this field.
• Future Value Field - The Future Value is calculated or entered in this field.
• Annual Rate% Field - The Annual Interest Rate is calculated or entered in this field.
• Period Field - The number of Periods is calculated or entered in this field. When the Future Value is non-zero the number displayed in this field represents the number of periods in the future in which the Future Value occurs. When the Payment Field is non-zero the number displayed in this field represents the number of annuity payments. If Compounding is Monthly for 5 years, user should enter 60 in Periods field, which is the number of years times twelve.
• Compounding Field - The value selected in this dropdown represents the Compounding Frequency of the Annual Interest Rate. For Annuities, it also represents the Frequency of the Annuity Payments.

Press the following buttons to calculate the corresponding value.

• PV Button - Press to calculate the Present Value.
• PMT Button - Press to calculate the Annuity Payment.
• FV Button - Press to calculate the Future Value.
• Rate Button - Press to calculate the Annual Interest Rate.
• Periods Button - Press to calculate the Number of Periods.