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.

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Name: ____________________   Date: ____________

1.Easy
years0123…10€7 500FV = ?

You deposit €7 500 in a savings account that pays 4% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €7 500i = 4%n = 10
FV = €
2.Easy
years0123…9PV = ?€2 000€2 000€2 000…

A foundation wants to pay a prize of €2 000 at the end of every year, forever. The fund earns 2% interest per year. How much must be invested today? Find PV.

A = €2 000i = 2%
PV = €
3.Medium
years0123…9€2 000FV = ?

You invest €2 000 at a nominal rate of 3% per year, compounded monthly. Find the value FV of the investment after 9 years.

PV = €2 0003% / 12n = 9
FV = €
4.Medium
years0123PV = ?€10 000

You need €10 000 in 3 years. An account pays 4.8% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €10 0004.8% / 12n = 3
PV = €
5.Hard
years0123…22€6 000€6 000€6 000FV = ?

You deposit €6 000 at the start of every year for 22 years, the first deposit today. The account pays 7% per year. How much is in the account at the end of year 22? Find FV.

A = €6 000i = 7%n = 22
FV = €
6.Hard
months0123…360€250 000A?AAA

A loan of €250 000 is repaid with equal monthly payments over 30 years. The interest rate is 3.6% per year, compounded monthly. Find the monthly payment A.

P = €250 0003.6% / 12N = 360
A = €

Answer key

  1. 1. FV = 11102 €
  2. 2. PV = 100000 €
  3. 3. FV = 2619 €
  4. 4. PV = 8661 €
  5. 5. FV = 314617 €
  6. 6. A = 1137 €

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