# PV Calculator

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## Present Value (PV) Calculator

Future Value (FV)?:
Number of Days? (#):
Present Value Date?:
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Future Value Date?:
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Enter either dates or number of days.

Annual Discount Rate?:
Compounding Frequency?:
Days In Year?:

Present Value (PV):
Total Years:
This free, online financial calculator (c) 2010 Pine Grove Software, LLC All rights reserved.

If you enter a value other than zero for the "Number of Days", then this calculator will calculate the "Future Value Date" for you as "Present Value Date" plus "Number of Days".

Present value is the opposite of future value (FV). Given \$1,000 today, it will be worth \$1,000 plus the return on investment a year from today. That's future value.

If you are schedule to receive \$10,0000 a year from today, what is its value today, assuming a 5.5% annual discount rate? The "annual discount rate" is the rate of return that you expect to receive on your investments. This is a personal number. There is no "right" answer, though you want to use a realistic number based on your investment history. The discount rate will vary from individual to individual.

Enter \$10,000 as the future value (never type the currency symbol or commas), set the start date and end date for one year's duration and set the discount rate to 5.5%. Assume monthly compounding and a 365 day year.

The PV is \$9,466.04. You could accept \$9,466.04 today in lieu of \$10,000 in a year. The two amounts are equal.

Date Math: If you change either date, the number of days between the two dates will be calculated. If you enter a positive number of days, the future value date will be updated. If you enter a negative number of days the present value date will be updated. Financial calculators courtesy of Pine Grove Software. Used with permission.