Independent financial-analysis tools

Calculator lab

Transparent calculations with visible assumptions, formulas, and reproducible outputs.

Educational tool only. This browser calculator is not an examination-room authorized calculator and is not affiliated with or endorsed by CFA Institute. Verify the current official calculator policy before every exam window.

Time value of money

Calculate

Compounding periods per year

Present value

Future value

Annual rate (%)

Years

FV = PV(1 + r/m)^mt · PV = FV/(1 + r/m)^mt

The calculation runs locally in your browser. No entered value is sent to a server. Version 1.0 does not model cash-flow streams, annuities, irregular dates, taxes, fees, or calculator keystrokes.

Exam-use boundary

CFA Institute’s public policy identifies specified Texas Instruments BA II Plus and Hewlett Packard 12C models for exam use. This web tool is not one of those devices. Read the official calculator policy.