IMPORTANT: If you enter "0" (zero) for "Number of Days", this calculator will calculate the number of days as the difference between "Present Value Date" and "Future Value Date". If you enter a value other than zero for the "Number of Days", then this calculator will calculate the "Future Value Date" for you as "Present Value Date" plus "Number of Days". Present value (PV) is the opposite of future value (FV). Given $1,000 today, it will be worth $1,000 plus the return on investment a year from today. That's future value. If you are schedule to receive $10,0000 a year from today, what is its value today, assuming a 5.5% return? Enter $10,000 as the future value (never type the currency symbol or commas), set the start date and end date for one year's duration and set the discount rate to 5.5%. Assume monthly compounding and a 365 day year. The PV is $9,466.04. You could accept $9,466.04 today in lieu of $10,000 in a year. The two amounts are equal.

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