NPV of Uneven Cash Flows Calculator
Enter your initial investment, a discount rate, and up to six years of projected cash flows to calculate the net present value of the investment.
Net Present Value
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PV Year 1—
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Total Present Value of Cash Flows—
Initial Investment—
About this calculator
Calculate the net present value (NPV) of a series of uneven, user-entered cash flows using a specified discount rate.
Frequently Asked Questions
What discount rate should I use?
A common approach is to use your required rate of return, cost of capital, or a benchmark like the risk-free rate plus a risk premium.
What does a positive NPV mean?
A positive NPV means the projected cash flows, discounted to today's dollars, exceed the initial investment — suggesting the investment may be worthwhile.
Can I use fewer than six years of cash flows?
Yes, simply enter 0 for any years you don't need and they won't affect the total.