NPV of Uneven Cash Flows Calculator
Enter your initial investment, discount rate, and up to five years of projected cash flows to find the net present value of your project.
Net Present Value
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PV Year 1—
PV Year 2—
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PV Year 4—
PV Year 5—
Total PV of Cash Flows—
About this calculator
Calculate the net present value of a series of uneven, user-entered annual cash flows given a discount rate and initial investment.
Frequently Asked Questions
What does a positive NPV mean?
A positive NPV means the projected cash flows, discounted back to today's dollars, exceed your initial investment — suggesting the project or investment may be worthwhile.
How do I choose a discount rate?
The discount rate typically reflects your required rate of return, cost of capital, or the return available from an alternative investment of similar risk.
Can I use this for fewer than 5 years?
Yes, just enter 0 for any years you don't need — they won't affect the NPV calculation.