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€2 500FV = ?

You deposit €2 500 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €2 500i = 7%n = 3
FV = €
2.Easy
years0123…11€4 000FV = ?

You deposit €4 000 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €4 000i = 3.5%n = 11
FV = €
3.Medium
years0123…10€20 000FV = ?

You invest €20 000 at a nominal rate of 4% per year, compounded monthly. Find the value FV of the investment after 10 years.

PV = €20 0004% / 12n = 10
FV = €
4.Medium
years012€1 000FV = ?

You invest €1 000 at 6% per year with continuous compounding. Find the value FV after 2 years.

PV = €1 000r = 6%t = 2
FV = €
5.Hard
months0123…360€150 000A?AAA

A loan of €150 000 is repaid with equal monthly payments over 30 years. The interest rate is 3.6% per year, compounded monthly. Find the monthly payment A.

P = €150 0003.6% / 12N = 360
A = €
6.Hard
months01…216…300€300 000AB = ?A7.2% / 12

A mortgage of €300 000 is repaid with equal monthly payments over 25 years at 7.2% per year, compounded monthly. How much is still owed just after the payment at the end of year 18? Find the outstanding balance B.

P = €300 0007.2% / 12N = 300k = 216
B = €

Answer key

  1. 1. FV = 3063 €
  2. 2. FV = 5840 €
  3. 3. FV = 29817 €
  4. 4. FV = 1127 €
  5. 5. A = 682 €
  6. 6. B = 142112 €

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