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…9PV = ?€2 500€2 500€2 500…

A foundation wants to pay a prize of €2 500 at the end of every year, forever. The fund earns 3% interest per year. How much must be invested today? Find PV.

A = €2 500i = 3%
PV = €
2.Easy
years0123…10€500FV = ?

You deposit €500 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €500i = 2%n = 10
FV = €
3.Medium
years012345PV = ?€1 500€1 500€1 500€1 500

An annuity pays €1 500 at the end of each year for 5 years. The interest rate is 7% per year. Find the present value PV of the annuity.

A = €1 500i = 7%n = 5
PV = €
4.Medium
years0123…10PV = ?€50 000

You need €50 000 in 10 years. An account pays 2% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €50 0002% / 12n = 10
PV = €
5.Hard
months0123…60€50€50€50FV = ?

You save €50 at the end of every month for 5 years. The account pays 4.8% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €504.8% / 12N = 60
FV = €
6.Hard
months0123…360€150 000A?AAA

A loan of €150 000 is repaid with equal monthly payments over 30 years. The interest rate is 6% per year, compounded monthly. Find the monthly payment A.

P = €150 0006% / 12N = 360
A = €

Answer key

  1. 1. PV = 83333 €
  2. 2. FV = 609.5 €
  3. 3. PV = 6150 €
  4. 4. PV = 40943 €
  5. 5. FV = 3383 €
  6. 6. A = 899.3 €

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