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Time Value of Money Calculator

Time Value of Money Calculator — TVM Calculator

Compounding Frequency?:
Nominal Annual Rate?:
(c) 2012 Pine Grove Software, LLC All rights reserved.
Click "Print Preview..." for schedule with subtotals.

Update: Nearly all online, step-by-step guides have been checked and updated. We have started creating a series of video tutorials. See below for a listing of both the guides and tutorials. If a calculation fails, you may have to reload the calculator by pressing [Ctrl][F5] to refresh. Please report any problem you have. Also, the range of allowable interest rates has recently been increased. You may use rates from 2.0% to 8.9%.

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.

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