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…12€1 500FV = ?

You deposit €1 500 in a savings account that pays 5% interest per year, compounded annually. How much is in the account after 12 years? Find the future value FV.

PV = €1 500i = 5%n = 12
FV = €
2.Easy
years0123…12PV = ?€5 000

You will receive €5 000 in 12 years. The interest rate is 8% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €5 000i = 8%n = 12
PV = €
3.Medium
periods0123…36511 + EAR = ?21% / 365

A credit card charges a nominal interest rate of 21% per year, compounded daily. Find the effective annual rate EAR in percent.

r = 21%m = 365
EAR = %
4.Medium
years01234€20 000FV = ?

You invest €20 000 at 2% per year with continuous compounding. Find the value FV after 4 years.

PV = €20 000r = 2%t = 4
FV = €
5.Hard
months0123…348€300€300€300FV = ?

You save €300 at the end of every month for 29 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3003.6% / 12N = 348
FV = €
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 3% per year, compounded monthly. Find the monthly payment A.

P = €25 0003% / 12N = 72
A = €

Answer key

  1. 1. FV = 2694 €
  2. 2. PV = 1986 €
  3. 3. EAR = 23.36 %
  4. 4. FV = 21666 €
  5. 5. FV = 183612 €
  6. 6. A = 379.8 €

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