# TVM Calculator – Time Value of Money Formula

Use our TVM calculator to calculate future value, present value, payment, rate, or number of periods using the time value of money formula.

Select what do you want to find:

per year
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years

per year
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## Results:

 Future Value: $Total Principal:$ Total Interest: \$

### Balance by Year

Learn how we calculated this below

## Time Value of Money Formula

FV = PV \times \left (1 + \frac{r}{n} \right )^{nt} + PMT \times \frac{\left (1 + \frac{r}{n} \right )^{nt} − 1}{\frac{r}{n}}
[formula may scroll beyond screen]

where:
FV = future value
PV = present value
PMT = annual contribution
r = interest rate
n = number of times interest is compounded per period
t = number of periods