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
years01234567€2 500FV = ?

You deposit €2 500 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 = €2 500i = 4.5%n = 7
FV = €
2.Easy
years0123…9PV = ?€10 000€10 000€10 000…

A foundation wants to pay a prize of €10 000 at the end of every year, forever. The fund earns 3% interest per year. How much must be invested today? Find PV.

A = €10 000i = 3%
PV = €
3.Medium
years0123456€2 000FV = ?

You invest €2 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 6 years.

PV = €2 0006% / 12n = 6
FV = €
4.Medium
years01234567PV = ?€40 000

You need €40 000 in 7 years. An account pays 3% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €40 0003% / 12n = 7
PV = €
5.Hard
months0123…72€10 000AAAA5.4% / 12, I = ?

A loan of €10 000 is repaid with equal monthly payments over 6 years at 5.4% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €10 0005.4% / 12N = 72
I = €
6.Hard
months0123…72A?AA€25 000

You want €25 000 in 6 years. You save the same amount at the end of every month in an account paying 7.2% per year, compounded monthly. Find the monthly deposit A.

FV = €25 0007.2% / 12N = 72
A = €

Answer key

  1. 1. FV = 3402 €
  2. 2. PV = 333333 €
  3. 3. FV = 2864 €
  4. 4. PV = 32432 €
  5. 5. I = 1730 €
  6. 6. A = 278.6 €

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