(TVM) Time Value of Money | Future Value of Money (FV) Calculation

Time Value of Money (TVM) Calculator

An online TVM calculator to find out the value of the future sum in present day amount.

Present value of money

Interest rate

Number of compounding periods per year^*

Number of years

Step by Step calculation

^* Quarterly Compounding n = 4 , Monthly Compounding n = 12 , Daily Compounding n = 365

FV = PV x [ 1 + (i / n) ] ^{(n x t)}

Where,

FV = Future Value of Money

PV = Present Value of Money

i = Interest Rate

n = Number of compounding periods per year (Quarterly Compounding n =4 , Monthly Compounding n = 12 , Daily Compounding n = 365 )

t = Number of years

Quarterly Compounding: FV = $15,000 x (1 + (10% / 4) ^{(4 x 1)} = $16,557.19

Monthly Compounding: FV = $15,000 x (1 + (10% / 12) ^{(12 x 1)} = $16,570.70

Daily Compounding: FV = $15,000 x (1 + (10% / 365) ^{(365 x 1)} = $16,577.34