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€4 000FV = ?

You deposit €4 000 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €4 000i = 2%n = 3
FV = €
2.Easy
years0123456€500FV = ?

You deposit €500 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 6 years? Find the future value FV.

PV = €500i = 2%n = 6
FV = €
3.Medium
years012€2 000FV = ?

You invest €2 000 at a nominal rate of 3.6% per year, compounded monthly. Find the value FV of the investment after 2 years.

PV = €2 0003.6% / 12n = 2
FV = €
4.Medium
years0123…8PV = ?€5 000

You need €5 000 in 8 years. An account pays 4.8% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €5 0004.8% / 4n = 8
PV = €
5.Hard
months0123…72€8 000A?AAA

A loan of €8 000 is repaid with equal monthly payments over 6 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €8 0005.4% / 12N = 72
A = €
6.Hard
months0123…72€25 000A?AAA

A loan of €25 000 is repaid with equal monthly payments over 6 years. The interest rate is 4.8% per year, compounded monthly. Find the monthly payment A.

P = €25 0004.8% / 12N = 72
A = €

Answer key

  1. 1. FV = 4245 €
  2. 2. FV = 563.1 €
  3. 3. FV = 2149 €
  4. 4. PV = 3413 €
  5. 5. A = 130.3 €
  6. 6. A = 400.3 €

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