Notes:
Compounding Frequency?:
Nominal Annual Rate?:
This online financial calculator (c) 2011 Pine Grove Software, LLC All rights reserved.
Time Value of Money Calculator — TVM Calculator
Last Update 01/31/2012: At this time, we know of no calculation bugs or errors. This release fixes the problem with IE v9 and problems with the setup options. There are two items remaining to be completed: (1) some style changes need to be made and (2) the tutorials listed below have to be updated and edited. Please report any problem you have.
What is Time Value of Money?
TVM is the concept that the value of money changes over time. Having a dollar today is worth more than a dollar tomorrow. Time value of money concepts include future value and present value. Our online TVM calculator is capable of performing any time value of money calculation involving regular or irregular cash flows for savings or loans.
Calculator's Features*
Solve for any unknown
- Payment or loan amount
- Deposit or withdrawal
- Yields: APR, APY or IRR
- Balance as of an exact date
- Date a specific balance is reached
- Present value (PV)
- Future value (FV)
- Balloon payment amount
- Payment required to reach a specific balloon
- Number of payments
- Interest rates - nominal or effective
- Discounted values
- Remaining balance
- Deposit required
Any type of calculation method
- Normal amortization or investment
- Rule-of-78s
- Canadian methods
- US Rule — simple interest
- Supports 360, 364 and 365 day years
- Exact day or periodic interest calculations
Scheduled (but adjustable) Payment Frequencies
- Daily
- Weekly
- Bi-weekly
- Twice monthly (Half-month)
- Every 4 weeks
- Monthly
- Bi-monthly (every two months)
- Quarterly
- Every 4 months
- Semiannual
- Annual
* A few features may only be available in C-Value!. Download C-Value! here.
Flexible Reports & Schedules
- Amortization & investment schedules
- Schedules with details or totals only
- Custom headers and labels
- Change fonts, colors
- Select a fiscal year end
- Reg. Z APR disclosure report
Handles any type of cash flow
- Normal
- Interest only
- Enter your own payment amount
- Negative amortization
- Skipped payments or deposits
- Fixed principal + interest
- Percent step amounts
- Dollar step amounts
- Balloon payments
- Extra payments
- Payments to interest
- Cash flow amounts set to any random date
Compounding Frequencies
- Exact day simple
- Daily compounding
- Weekly
- Bi-weekly
- Twice monthly (Half-month)
- Every 4 weeks
- Monthly
- Bi-monthly (every two months)
- Quarterly
- Every 4 months
- Semiannual
- Annual
- Continuous
- Change the frequency of compounding during a cash flow
Step-by-Step Guides, TVM Tutorials
These guides walk you through the steps for setting up the indicated calculation. We recommend that you right click on a link and select "Open in New Window" so that you can have the calculator handy in this window as you read the guide.
- Tutorial #1: Conventional Mortgage or Loan with Unknown Payment Amount
- Tutorial #2: A Typical Investment Cash Flow
- Tutorial #3: A Second Type of Investment Cash Flow
- Tutorial #4: Conventional Loan or Mortgage with Interest Rate Change (ARM)
- Tutorial #5: Loan with Specified Regular Payment Amount For Unknown Term
- Tutorial #6: Unknown Loan Amount with Specified Payment Amount For Known Term
- Tutorial #7: Loan with Final Unknown Balloon Payment Amount
- Tutorial #8: Loan with Known Balloon Payment Amount. Unknown payment amount.
- Tutorial #9: Loan with One Extra, Principal Only, Payment. Regular periodic payments.
- Tutorial #10: Loan with Series of Regular Extra Principal Only Payments
- Tutorial #11: Loan with Multiple Borrows (typical construction loan)
- Tutorial #12: "Special Series" Loan with "Monthly Skipped" payments.
- Tutorial #13: Loan with Odd Length First Period Followed By Regularly Periods
- Tutorial #14: A "Special Series", First Year's Payments Paying Only Interest.
- Tutorial #15: Calculating loans with accelerated biweekly payments.
- Tutorial #16: Loan with First Six Payments at User Selected Amount
- Tutorial #17: A Simple Savings Plan to Achieve Future Goal.
- Tutorial #18: A Savings Plan for College Tuition or Retirement
- Tutorial #19: Future Value is Value of Cash Flow at Some Future Date
- Tutorial #20: Present Value is Value of a Future Cash Flow as of Today
- Tutorial #21: Calculate PV of Fixed Principal + Interest or Interest Only Loan
- Tutorial #22: Calculate Rate of Return on Annuity
- Tutorial #23: Calculate Time It Takes to Reach Investment Goal
- Tutorial #24: Calculate Return for X Days
- Tutorial #25: Managing Loan Payment-by-Payment. Tracking Outstanding Balance