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
years0123456€500FV = ?

You deposit €500 in a savings account that pays 2.5% interest per year, compounded annually. How much is in the account after 6 years? Find the future value FV.

PV = €500i = 2.5%n = 6
FV = €
2.Easy
years012€10 000FV = ?

You deposit €10 000 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 2 years? Find the future value FV.

PV = €10 000i = 2%n = 2
FV = €
3.Medium
years0123…8PV = ?€10 000

You need €10 000 in 8 years. An account pays 4.8% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €10 0004.8% / 4n = 8
PV = €
4.Medium
years0123PV = ?€5 000

You need €5 000 in 3 years. An account pays 3% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €5 0003% / 12n = 3
PV = €
5.Hard
months0123…60€20 000A?AAA

A loan of €20 000 is repaid with equal monthly payments over 5 years. The interest rate is 3.6% per year, compounded monthly. Find the monthly payment A.

P = €20 0003.6% / 12N = 60
A = €
6.Hard
months0123…180€150 000AAAA5.4% / 12, I = ?

A loan of €150 000 is repaid with equal monthly payments over 15 years at 5.4% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €150 0005.4% / 12N = 180
I = €

Answer key

  1. 1. FV = 579.8 €
  2. 2. FV = 10404 €
  3. 3. PV = 6827 €
  4. 4. PV = 4570 €
  5. 5. A = 364.7 €
  6. 6. I = 69182 €

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