# (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.

^{*} *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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