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…9€5 000FV = ?

You deposit €5 000 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 9 years? Find the future value FV.

PV = €5 000i = 2%n = 9
FV = €
2.Easy
years012345€1 500FV = ?

You deposit €1 500 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 5 years? Find the future value FV.

PV = €1 500i = 3.5%n = 5
FV = €
3.Medium
years0123…8PV = ?€50 000

You need €50 000 in 8 years. An account pays 6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €50 0006% / 12n = 8
PV = €
4.Medium
years01234PV = ?€10 000

You need €10 000 in 4 years. An account pays 4.8% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €10 0004.8% / 12n = 4
PV = €
5.Hard
months0123…84A?AA€75 000

You want €75 000 in 7 years. You save the same amount at the end of every month in an account paying 5.4% per year, compounded monthly. Find the monthly deposit A.

FV = €75 0005.4% / 12N = 84
A = €
6.Hard
months0123…228€50€50€50FV = ?

You save €50 at the end of every month for 19 years. The account pays 7.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €507.2% / 12N = 228
FV = €

Answer key

  1. 1. FV = 5975 €
  2. 2. FV = 1782 €
  3. 3. PV = 30976 €
  4. 4. PV = 8256 €
  5. 5. A = 736.7 €
  6. 6. FV = 24262 €

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