Present Value Calculator
Find what a future amount of money is worth in today's dollars, discounted at a rate you choose.
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Why present value matters
A dollar today is worth more than a dollar in the future, because today's dollar can be invested to earn a return. Present value reverses compounding: it discounts a future sum back to what it is worth now, given the return you could otherwise earn (the discount rate).
PV = FV / (1 + r)t. This is the foundation of discounted cash flow valuation — see what is discounted cash flow and how to use a DCF model.