Enter the future amount, the discount rate and the number of years.
Formula
PV = FV / (1 + r)^t
Worked example
20,000 in 8 years at 4% is worth 14,614 today.
Frequently asked questions
What is a discount rate?
The return you could earn elsewhere, used to compare amounts over time.
Why is future money worth less?
Because money available now can be invested and earn a return.
What is the opposite calculation?
Future value.
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Results are estimates for information only. Check important figures with a professional.