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…10€10 000FV = ?

You deposit €10 000 in a savings account that pays 4% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €10 000i = 4%n = 10
FV = €
2.Easy
years0123€500FV = ?

You deposit €500 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €500i = 6%n = 3
FV = €
3.Medium
years0123€5 000FV = ?

You invest €5 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 3 years.

PV = €5 0006% / 12n = 3
FV = €
4.Medium
years012345PV = ?€20 000

You need €20 000 in 5 years. An account pays 3.6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €20 0003.6% / 12n = 5
PV = €
5.Hard
months01…144…360€250 000AB = ?A4.2% / 12

A mortgage of €250 000 is repaid with equal monthly payments over 30 years at 4.2% per year, compounded monthly. How much is still owed just after the payment at the end of year 12? Find the outstanding balance B.

P = €250 0004.2% / 12N = 360k = 144
B = €
6.Hard
months0123…96€150€150€150FV = ?

You save €150 at the end of every month for 8 years. The account pays 6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1506% / 12N = 96
FV = €

Answer key

  1. 1. FV = 14802 €
  2. 2. FV = 595.5 €
  3. 3. FV = 5983 €
  4. 4. PV = 16710 €
  5. 5. B = 185072 €
  6. 6. FV = 18424 €

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