Calculate the present value of a series of equal future payments at a discount rate, for pensions, lotteries or lease payments. Enter your values; the result updates as you type, with the method shown below.
Formula
PV = PMT × (1 − (1 + i)^−n) / i
Worked example
1,000 a month for 10 years at 5%: present value about 94,300.
Frequently asked questions
What is a discount rate?
The return you could earn elsewhere; future money is worth less than money today.
Lump sum or payments?
Compare the lump sum with this present value.
Monthly or yearly?
Choose the number of payments per year.
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Results are estimates for information only. Check important figures with a professional.