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…11PV = ?€25 000

You will receive €25 000 in 11 years. The interest rate is 2.5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €25 000i = 2.5%n = 11
PV = €
2.Easy
years01234567€5 000FV = ?

You deposit €5 000 in a savings account that pays 4.5% interest per year, compounded annually. How much is in the account after 7 years? Find the future value FV.

PV = €5 000i = 4.5%n = 7
FV = €
3.Medium
periods01211 + EAR = ?19.5% / 2

A credit card charges a nominal interest rate of 19.5% per year, compounded semi-annually. Find the effective annual rate EAR in percent.

r = 19.5%m = 2
EAR = %
4.Medium
years01234567€5 000FV = ?

You invest €5 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 7 years.

PV = €5 0006% / 12n = 7
FV = €
5.Hard
years0123…24€2 000€2 000€2 000FV = ?

You deposit €2 000 at the start of every year for 24 years, the first deposit today. The account pays 8% per year. How much is in the account at the end of year 24? Find FV.

A = €2 000i = 8%n = 24
FV = €
6.Hard
months0123…36€20 000A?AAA

A loan of €20 000 is repaid with equal monthly payments over 3 years. The interest rate is 2.4% per year, compounded monthly. Find the monthly payment A.

P = €20 0002.4% / 12N = 36
A = €

Answer key

  1. 1. PV = 19054 €
  2. 2. FV = 6804 €
  3. 3. EAR = 20.45 %
  4. 4. FV = 7602 €
  5. 5. FV = 144212 €
  6. 6. A = 576.4 €

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