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
years0123…11€1 500FV = ?

You deposit €1 500 in a savings account that pays 2.5% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €1 500i = 2.5%n = 11
FV = €
2.Easy
years0123…10€4 000€5 920

An investment of €4 000 grows to €5 920 in 10 years with annual compounding. Find the annual interest rate i in percent.

PV = €4 000FV = €5 920n = 10
i = %
3.Medium
years0123…9€3 000FV = ?

You invest €3 000 at a nominal rate of 5% per year, compounded quarterly. Find the value FV of the investment after 9 years.

PV = €3 0005% / 4n = 9
FV = €
4.Medium
periods01211 + EAR = ?24% / 2

A credit card charges a nominal interest rate of 24% per year, compounded semi-annually. Find the effective annual rate EAR in percent.

r = 24%m = 2
EAR = %
5.Hard
months0123…96€200€200€200FV = ?

You save €200 at the end of every month for 8 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2002.4% / 12N = 96
FV = €
6.Hard
months0123…300€150 000AAAA4.2% / 12, I = ?

A loan of €150 000 is repaid with equal monthly payments over 25 years at 4.2% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €150 0004.2% / 12N = 300
I = €

Answer key

  1. 1. FV = 1968 €
  2. 2. i = 3.998 %
  3. 3. FV = 4692 €
  4. 4. EAR = 25.44 %
  5. 5. FV = 21144 €
  6. 6. I = 92524 €

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