Tvm Calculator

Formatting only. This does not change the calculation.
The lump sum available or invested today. Ignored when you are solving for it.
The amount received at the end of the term. Ignored when you are solving for it.
The nominal annual interest or discount rate, before compounding. Ignored when you are solving for it.
1 annual, 2 semi-annual, 4 quarterly, 12 monthly, 365 daily. Payments, if any, are made once per compounding period.
The length of the term. Ignored when you are solving for it.
An optional level amount paid in every compounding period. Leave at 0 for a plain single sum.
Present value
7,413.72
Present & Future Value Calculator
Future value
10,000.00
Annual rate
6.000000 %
Years
5.000000
Compounding periods
60.000000
Rate per period
0.50000000 %
Total paid in as payments
0.00
Interest earned
2,586.28
Discount factor 1/(1+i)^N
0.74137220
Effective annual rate
6.167781 %
Worked out from Researched contract R2719, Lump-Sum Compound-Interest Calculator and 2 other sources.

How this is worked out

5 steps
  1. Rate per period i = 6% / (100 x 12) = 0.005.
  2. Number of periods N = 12 x 5 = 60.
  3. Growth factor (1 + i)^N = 1.3488501525; discount factor 1/(1+i)^N = 0.7413721962.
  4. No level payments, so the single-sum form FV = PV (1 + i)^N applies.
  5. Present value 7413.72 grows to future value 10000; interest = FV - PV - payments = 2586.28.

Results are general information, not financial, tax, legal, medical or engineering advice.