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Present Value of an Annuity Calculator

Find what regular payments are worth today, ordinary or due, level or growing, for any frequency.

Change the values and press Calculate to work out your own figures.

Enter the payment, frequency, years and rate.

Paid or deposited each period.
How often payments are made.
Length in years.
Nominal annual rate.
How often interest is added.
When each payment is made.
Changes how amounts are shown, not the math; your choice is remembered on this device.
For a growing annuity; 0 if blank.
Result
Present value
$7,721.73
Future value
$12,577.89
Payments
10 of $1,000.00
Rate per payment
5%

The present value is $7,721.73.

Show the working
  1. PV = FV ÷ (1 + i)^n
  2. an annuity due multiplies by (1 + i)

How to use it

Enter the payment, frequency, years and rate.

Enter amounts without commas or with them; rates are percentages (5 for 5%). Negative amounts are allowed where a sign means money paid out.

Key facts

PV = PMT × (1 − (1 + i)^−n) ÷ i (× (1 + i) for an annuity due)

Questions

What are 10 yearly payments of $1,000 at 5% worth today?

$7,721.73.

Reviewed by RK Calculator Team. Updated 2026-09-26.

Formulas

PV = PMT × (1 − (1 + i)^−n) ÷ i (× (1 + i) for an annuity due)

Sources

Limitations

  • Results are estimates for planning, not offers or financial advice; lenders and banks may round, count days or time payments differently.
  • Rates are nominal annual rates compounded as you choose; payments at a different frequency use the equivalent periodic rate.

Formula version 0.1.0Reviewed