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
years0123456€4 000FV = ?

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

PV = €4 000i = 5%n = 6
FV = €
2.Easy
years01234€5 000FV = ?

You deposit €5 000 in a savings account that pays 3% interest per year, compounded annually. How much is in the account after 4 years? Find the future value FV.

PV = €5 000i = 3%n = 4
FV = €
3.Medium
years0123…8€5 000FV = ?

You invest €5 000 at a nominal rate of 4% per year, compounded quarterly. Find the value FV of the investment after 8 years.

PV = €5 0004% / 4n = 8
FV = €
4.Medium
years0123€2 000FV = ?

You invest €2 000 at 8% per year with continuous compounding. Find the value FV after 3 years.

PV = €2 000r = 8%t = 3
FV = €
5.Hard
months0123…276€100€100€100FV = ?

You save €100 at the end of every month for 23 years. The account pays 7.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1007.2% / 12N = 276
FV = €
6.Hard
months0123…36€25 000A?AAA

A loan of €25 000 is repaid with equal monthly payments over 3 years. The interest rate is 3.6% per year, compounded monthly. Find the monthly payment A.

P = €25 0003.6% / 12N = 36
A = €

Answer key

  1. 1. FV = 5360 €
  2. 2. FV = 5628 €
  3. 3. FV = 6875 €
  4. 4. FV = 2542 €
  5. 5. FV = 70208 €
  6. 6. A = 733.7 €

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