Pick the unknown, then enter the other four values.

Total payments or periods: years × periods per year (10 years monthly = 120).

Amount today. Negative if you pay it (a deposit), positive if you receive it (a loan).

Negative if you pay it, positive if you receive it. Use 0 for none.

Payments per year, compounding & timing
Payments at

End = ordinary annuity (loans, most savings plans). Beginning = annuity due (rent, leases, withdrawals taken up front).

Future value (FV)

$50,969.84

After 120 months (10 years) at 6% compounded monthly. Positive: money you receive at the end.

Sum of all payments (N × PMT)

-$24,000.00

Total interest earned

$16,969.84

Effective annual rate

6.168%

N — number of periods
120
I/Y — annual interest rate
6%
PV — present value
-$10,000.00
PMT — payment per period
-$200.00
FV — future value — solved
$50,969.84
Periodic rate (per payment)
0.5%
P/Y · C/Y
12 · 12
Payments at
End of each period (ordinary annuity)

You put in $34,000.00 in total ($10,000.00 up front + $24,000.00 in payments) and end with $50,969.84, so $16,969.84 is interest earned.

Balance over time

$0$15K$30K$45K$60KStartYr 2Yr 4Yr 6Yr 8Yr 10
  • Balance (your side)
  • Cumulative interest

Balances are shown from your side: positive means you are owed money (savings), negative means you owe it (a loan). The final balance equals FV.

Year-by-year summary

YearPayments (PMT)InterestEnd balance
1-$2,400$684$13,084
2-$2,400$874$16,358
3-$2,400$1,076$19,834
4-$2,400$1,290$23,524
5-$2,400$1,518$27,443
6-$2,400$1,760$31,602
7-$2,400$2,016$36,018
8-$2,400$2,289$40,707
9-$2,400$2,578$45,685
10-$2,400$2,885$50,970
Show period-by-period schedule

Finance Calculator (TVM) by SureCalcs