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
years01234567€7 500FV = ?

You deposit €7 500 in a savings account that pays 4.5% interest per year, compounded annually. How much is in the account after 7 years? Find the future value FV.

PV = €7 500i = 4.5%n = 7
FV = €
2.Easy
years01234€2 000FV = ?

You deposit €2 000 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 4 years? Find the future value FV.

PV = €2 000i = 6%n = 4
FV = €
3.Medium
years0123…9PV = ?€2 000+3%+3%…r = 8%

A property is expected to earn net rent of €2 000 next year. The rent is expected to grow by 3% per year forever. The required return is 8% per year. Find the value PV of the property today.

C1 = €2 000g = 3%r = 8%
PV = €
4.Medium
years01234567PV = ?€15 000

You need €15 000 in 7 years. An account pays 6% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €15 0006% / 4n = 7
PV = €
5.Hard
months0123…300€150 000A?AAA

A loan of €150 000 is repaid with equal monthly payments over 25 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €150 0005.4% / 12N = 300
A = €
6.Hard
months0123…348€500€500€500FV = ?

You save €500 at the end of every month for 29 years. The account pays 3% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €5003% / 12N = 348
FV = €

Answer key

  1. 1. FV = 10206 €
  2. 2. FV = 2525 €
  3. 3. PV = 40000 €
  4. 4. PV = 9886 €
  5. 5. A = 912.2 €
  6. 6. FV = 276864 €

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