TVM (Time Value of Money) Calculator calculates value of money figuring 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. The payment frequency can be different from compounding frequency.

• Compounding Field - The value selected in this dropdown represents the Compounding Frequency of the Interest Rate specified. For Annuities, it also represents the Frequency of the Annuity Payments.
• 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.
• Rate% Field - The Interest Rate is calculated or entered in this field. User can specify the rate in daily, weekly, monthly, quarterly, semiannually, or annually basis.
• 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. User can specify the number of payments in daily, weekly, monthly, quarterly, semiannually or annually basis.

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 Interest Rate.
• Periods Button - Press to calculate the Number of Periods.