Time Value of Money Calculator
Enter a present amount, an interest rate and a number of years to see its future value.
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Enter a present amount, rate and years to see the future value.
Worked example
With these example inputs:
- Present value$10,000
- Interest rate7%
- Years10 yr
Future value: $19,672
- Interest earned$9,672
Frequently asked questions
What is the time value of money?
It is the idea that money today is worth more than the same sum later, because it can earn a return. $10,000 at 7% grows to about $19,672 over 10 years.
How does the rate change the result?
A higher rate or a longer horizon both raise the future value, because the balance compounds for longer. Small differences in rate produce large gaps over many years.