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…9PV = ?€2 000

You will receive €2 000 in 9 years. The interest rate is 5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €2 000i = 5%n = 9
PV = €
2.Easy
years0123€1 500FV = ?

You deposit €1 500 in a savings account that pays 3% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €1 500i = 3%n = 3
FV = €
3.Medium
years012PV = ?€20 000

You need €20 000 in 2 years. An account pays 2% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €20 0002% / 4n = 2
PV = €
4.Medium
years01234€20 000FV = ?

You invest €20 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 4 years.

PV = €20 0006% / 12n = 4
FV = €
5.Hard
months0123…48€8 000A?AAA

A loan of €8 000 is repaid with equal monthly payments over 4 years. The interest rate is 3% per year, compounded monthly. Find the monthly payment A.

P = €8 0003% / 12N = 48
A = €
6.Hard
months0123…48€25 000A?AAA

A loan of €25 000 is repaid with equal monthly payments over 4 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €25 0005.4% / 12N = 48
A = €

Answer key

  1. 1. PV = 1289 €
  2. 2. FV = 1639 €
  3. 3. PV = 19218 €
  4. 4. FV = 25410 €
  5. 5. A = 177.1 €
  6. 6. A = 580.3 €

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