# (TVM) Time Value of Money | Future Value of Money (FV) Calculation # Time Value of Money (TVM) Calculator

An online TVM calculator to find out the value of the future sum in present day amount.

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Step by Step calculation

* Quarterly Compounding n = 4 , Monthly Compounding n = 12 , Daily Compounding n = 365  ## Time Value of Money (TVM) Formula

FV = PV x [ 1 + (i / n) ] (n x t)

Where,

FV = Future Value of Money

PV = Present Value of Money

i = Interest Rate

n = Number of compounding periods per year (Quarterly Compounding n =4 , Monthly Compounding n = 12 , Daily Compounding n = 365 )

t = Number of years

### Time Value of Money (TVM) Examples

Quarterly Compounding: FV = \$15,000 x (1 + (10% / 4) (4 x 1) = \$16,557.19

Monthly Compounding: FV = \$15,000 x (1 + (10% / 12) (12 x 1) = \$16,570.70

Daily Compounding: FV = \$15,000 x (1 + (10% / 365) (365 x 1) = \$16,577.34

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