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…11€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 11 years? Find the future value FV.

PV = €10 000i = 2%n = 11
FV = €
2.Easy
years0123…10€500FV = ?

You deposit €500 in a savings account that pays 2.5% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €500i = 2.5%n = 10
FV = €
3.Medium
years01234567PV = ?€25 000

You need €25 000 in 7 years. An account pays 4.8% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €25 0004.8% / 4n = 7
PV = €
4.Medium
years01234567PV = ?€15 000

You need €15 000 in 7 years. An account pays 4% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €15 0004% / 12n = 7
PV = €
5.Hard
months0123…360€200€200€200FV = ?

You save €200 at the end of every month for 30 years. The account pays 5.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2005.4% / 12N = 360
FV = €
6.Hard
months0123…300€150 000A?AAA

A loan of €150 000 is repaid with equal monthly payments over 25 years. The interest rate is 3% per year, compounded monthly. Find the monthly payment A.

P = €150 0003% / 12N = 300
A = €

Answer key

  1. 1. FV = 12434 €
  2. 2. FV = 640 €
  3. 3. PV = 17901 €
  4. 4. PV = 11342 €
  5. 5. FV = 179323 €
  6. 6. A = 711.3 €

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