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
years01234€5 000FV = ?

You deposit €5 000 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 4 years? Find the future value FV.

PV = €5 000i = 6%n = 4
FV = €
2.Easy
years0123…9PV = ?€2 500€2 500€2 500…

A foundation wants to pay a prize of €2 500 at the end of every year, forever. The fund earns 3% interest per year. How much must be invested today? Find PV.

A = €2 500i = 3%
PV = €
3.Medium
years0123…10€8 000FV = ?

You invest €8 000 at a nominal rate of 3% per year, compounded monthly. Find the value FV of the investment after 10 years.

PV = €8 0003% / 12n = 10
FV = €
4.Medium
years0123€1 000FV = ?

You invest €1 000 at a nominal rate of 4% per year, compounded monthly. Find the value FV of the investment after 3 years.

PV = €1 0004% / 12n = 3
FV = €
5.Hard
months0123…72€8 000A?AAA

A loan of €8 000 is repaid with equal monthly payments over 6 years. The interest rate is 3.6% per year, compounded monthly. Find the monthly payment A.

P = €8 0003.6% / 12N = 72
A = €
6.Hard
months0123…324€50€50€50FV = ?

You save €50 at the end of every month for 27 years. The account pays 4.8% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €504.8% / 12N = 324
FV = €

Answer key

  1. 1. FV = 6312 €
  2. 2. PV = 83333 €
  3. 3. FV = 10795 €
  4. 4. FV = 1127 €
  5. 5. A = 123.7 €
  6. 6. FV = 33065 €

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