About the Finance Calculator
Solve time value of money problems: future value, present value, payment, number of periods or interest rate. This tool is free, works in your browser and needs no sign-up.
How to use the Finance Calculator
Choose what to solve for, then fill in the other values. The interest rate is yearly and compounds monthly. Payments are made at the end of each month.
Formula used
FV = PV × (1 + i)^n + PMT × ((1 + i)^n − 1) ÷ i, where i is the monthly rate and n is the number of months.
Example
With Present value (start amount) 10000, Monthly payment (deposit) 200, Interest rate (% per year) 6, Number of months 120, Future value (goal) 50000, the calculator shows: Future value = 50,969.84.
Frequently asked questions
What is the time value of money?
Money today is worth more than the same amount later because it can earn interest. This calculator links present value, future value, payments, time and rate.
Is the Finance Calculator free to use?
Yes. It is completely free and you can use it as many times as you like.
How accurate is the Finance Calculator?
The calculator uses standard formulas, so the maths is exact. Real life results can differ because of fees, taxes, rounding or personal factors, so treat the answer as an estimate.
Do you store the numbers I enter?
No. All calculations run in your browser. The values you type are not sent to our server.
Disclaimer: results are estimates for information only. They are not financial, medical or professional advice.