Time value of money worksheet with answers

Free printable Time value of money worksheet: 6 problems from easy to exam level, with an answer key. Print it or save it as a PDF.

New worksheetPractise online with hints

For teachers: free to print, copy and use in class. Every new worksheet has new values and its own answer key. A link to ExamProblems on your course page is appreciated.

Name: ____________________   Date: ____________

1.Easy
years0123…11€1 500FV = ?

You deposit €1 500 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €1 500i = 1.5%n = 11
FV = €
2.Easy
years0123…11€1 500FV = ?

You deposit €1 500 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €1 500i = 7%n = 11
FV = €
3.Medium
periods01211 + EAR = ?24% / 2

A credit card charges a nominal interest rate of 24% per year, compounded semi-annually. Find the effective annual rate EAR in percent.

r = 24%m = 2
EAR = %
4.Medium
years012345€5 000FV = ?

You invest €5 000 at a nominal rate of 3% per year, compounded monthly. Find the value FV of the investment after 5 years.

PV = €5 0003% / 12n = 5
FV = €
5.Hard
months0123…84€20 000AAAA4.2% / 12, I = ?

A loan of €20 000 is repaid with equal monthly payments over 7 years at 4.2% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €20 0004.2% / 12N = 84
I = €
6.Hard
months0123…156€250€250€250FV = ?

You save €250 at the end of every month for 13 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2502.4% / 12N = 156
FV = €

Answer key

  1. 1. FV = 1767 €
  2. 2. FV = 3157 €
  3. 3. EAR = 25.44 %
  4. 4. FV = 5808 €
  5. 5. I = 3119 €
  6. 6. FV = 45716 €

Full step-by-step solutions: practise this topic on examproblems.com.