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
years012€10 000FV = ?

You deposit €10 000 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 2 years? Find the future value FV.

PV = €10 000i = 7%n = 2
FV = €
2.Easy
years0123…12€10 000FV = ?

You deposit €10 000 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 12 years? Find the future value FV.

PV = €10 000i = 1.5%n = 12
FV = €
3.Medium
years0123…10PV = ?€40 000

You need €40 000 in 10 years. An account pays 2% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €40 0002% / 12n = 10
PV = €
4.Medium
years0123456PV = ?€40 000

You need €40 000 in 6 years. An account pays 4.8% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €40 0004.8% / 4n = 6
PV = €
5.Hard
months0123…228€100€100€100FV = ?

You save €100 at the end of every month for 19 years. The account pays 4.8% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1004.8% / 12N = 228
FV = €
6.Hard
months0123…48€8 000A?AAA

A loan of €8 000 is repaid with equal monthly payments over 4 years. The interest rate is 6% per year, compounded monthly. Find the monthly payment A.

P = €8 0006% / 12N = 48
A = €

Answer key

  1. 1. FV = 11449 €
  2. 2. FV = 11956 €
  3. 3. PV = 32755 €
  4. 4. PV = 30042 €
  5. 5. FV = 37119 €
  6. 6. A = 187.9 €

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