Present Value Calculator
Present value calculator: what a future amount is worth today at a given discount rate, or the rate and time between them.
PV = FV(1 + r)t
How to use this calculator
- Choose the quantity you want under “Solve for”.
- Type the known values and pick their units: any combination works.
- The result updates as you type. Open “Show the steps” to see the substitution.
Money received in the future is worth less than money today, because today’s money can be invested. Present value discounts a future amount: PV = FV ÷ (1 + r)ᵗ.
Use it to compare offers paid at different times or to value a bond’s or contract’s future payment.
Estimates for information only, not financial advice.
Formula
PV = FV(1 + r)t
| Symbol | Quantity | Units |
|---|---|---|
| FV | Future value | $, €, £ |
| r | Discount rate per year | %, × |
| t | Years | years, months |
| PV | Present value | $, €, £ |
Worked example
Given: FV = 10,000.00 $ · r = 5 % · t = 10 years
PV = FV(1 + r)t
Result: PV = 6,139.13 $
Frequently asked questions
What is $10,000 in 10 years worth today at 5 %?
10,000 ÷ 1.05¹⁰ = $6,139.13.