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€1 500FV = ?

You deposit €1 500 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €1 500i = 7%n = 3
FV = €
2.Easy
years0123…10€1 000FV = ?

You deposit €1 000 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €1 000i = 3.5%n = 10
FV = €
3.Medium
years01234PV = ?€50 000

You need €50 000 in 4 years. An account pays 3% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €50 0003% / 4n = 4
PV = €
4.Medium
years0123…10€12 000FV = ?

You invest €12 000 at a nominal rate of 4.8% per year, compounded monthly. Find the value FV of the investment after 10 years.

PV = €12 0004.8% / 12n = 10
FV = €
5.Hard
months01…144…240€250 000AB = ?A4.8% / 12

A mortgage of €250 000 is repaid with equal monthly payments over 20 years at 4.8% per year, compounded monthly. How much is still owed just after the payment at the end of year 12? Find the outstanding balance B.

P = €250 0004.8% / 12N = 240k = 144
B = €
6.Hard
months0123…144€300€300€300FV = ?

You save €300 at the end of every month for 12 years. The account pays 5.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3005.4% / 12N = 144
FV = €

Answer key

  1. 1. FV = 1838 €
  2. 2. FV = 1411 €
  3. 3. PV = 44366 €
  4. 4. FV = 19374 €
  5. 5. B = 129121 €
  6. 6. FV = 60596 €

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