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…8€5 000FV = ?

You deposit €5 000 in a savings account that pays 4% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €5 000i = 4%n = 8
FV = €
2.Easy
years0123€2 500FV = ?

You deposit €2 500 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 = €2 500i = 2%n = 3
FV = €
3.Medium
years0123…10€3 000FV = ?

You invest €3 000 at a nominal rate of 3% per year, compounded quarterly. Find the value FV of the investment after 10 years.

PV = €3 0003% / 4n = 10
FV = €
4.Medium
years0123…12€5 000FV = ?

You invest €5 000 at 2% per year with continuous compounding. Find the value FV after 12 years.

PV = €5 000r = 2%t = 12
FV = €
5.Hard
months0123…48€20 000A?AAA

A loan of €20 000 is repaid with equal monthly payments over 4 years. The interest rate is 2.4% per year, compounded monthly. Find the monthly payment A.

P = €20 0002.4% / 12N = 48
A = €
6.Hard
years0123…11€2 000€2 000€2 000FV = ?

You deposit €2 000 at the start of every year for 11 years, the first deposit today. The account pays 3% per year. How much is in the account at the end of year 11? Find FV.

A = €2 000i = 3%n = 11
FV = €

Answer key

  1. 1. FV = 6843 €
  2. 2. FV = 2653 €
  3. 3. FV = 4045 €
  4. 4. FV = 6356 €
  5. 5. A = 437.4 €
  6. 6. FV = 26384 €

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