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…12€2 500FV = ?

You deposit €2 500 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 = €2 500i = 1.5%n = 12
FV = €
2.Easy
years0123…8€1 500FV = ?

You deposit €1 500 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €1 500i = 2%n = 8
FV = €
3.Medium
years0123PV = ?€50 000

You need €50 000 in 3 years. An account pays 3.6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €50 0003.6% / 12n = 3
PV = €
4.Medium
years0123…9PV = ?€20 000+1%+1%…r = 7%

A property is expected to earn net rent of €20 000 next year. The rent is expected to grow by 1% per year forever. The required return is 7% per year. Find the value PV of the property today.

C1 = €20 000g = 1%r = 7%
PV = €
5.Hard
months0123…132A?AA€30 000

You want €30 000 in 11 years. You save the same amount at the end of every month in an account paying 3.6% per year, compounded monthly. Find the monthly deposit A.

FV = €30 0003.6% / 12N = 132
A = €
6.Hard
months0123…276€200€200€200FV = ?

You save €200 at the end of every month for 23 years. The account pays 3% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2003% / 12N = 276
FV = €

Answer key

  1. 1. FV = 2989 €
  2. 2. FV = 1757 €
  3. 3. PV = 44889 €
  4. 4. PV = 333333 €
  5. 5. A = 185.6 €
  6. 6. FV = 79360 €

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