Present Value Calculator
Find what a future amount of money is worth in today’s money.
Results update as you type.
About this calculator
Present value (PV) is what a future sum of money — or a future stream of payments — is worth today, once you discount it at a given rate. It answers "how much should I pay now for money I receive later?" and underpins bond pricing, loan valuation and investment decisions.
Frequently asked questions
How is present value calculated?
PV = FV ÷ (1 + i)^n discounts a single future sum back to today. A stream of payments adds an annuity term, PV = PMT × (1 − (1 + i)^−n) / i. Here i is the rate per period and n the number of periods.
Why is present value less than future value?
Because money you have today can be invested to earn a return, a dollar in the future is worth less than a dollar now. The higher the discount rate or the longer the wait, the smaller the present value.
Results are estimates for general guidance only, not financial, medical or tax advice.