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…8€2 000FV = ?

You deposit €2 000 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €2 000i = 3.5%n = 8
FV = €
2.Easy
years0123…9PV = ?€500€500€500…

A foundation wants to pay a prize of €500 at the end of every year, forever. The fund earns 4% interest per year. How much must be invested today? Find PV.

A = €500i = 4%
PV = €
3.Medium
years01234567€3 000FV = ?

You invest €3 000 at a nominal rate of 5% per year, compounded monthly. Find the value FV of the investment after 7 years.

PV = €3 0005% / 12n = 7
FV = €
4.Medium
years012345PV = ?€1 000€1 000€1 000€1 000

An annuity pays €1 000 at the end of each year for 5 years. The interest rate is 5% per year. Find the present value PV of the annuity.

A = €1 000i = 5%n = 5
PV = €
5.Hard
months0123…120€300€300€300FV = ?

You save €300 at the end of every month for 10 years. The account pays 6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3006% / 12N = 120
FV = €
6.Hard
months0123…252€250€250€250FV = ?

You save €250 at the end of every month for 21 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2502.4% / 12N = 252
FV = €

Answer key

  1. 1. FV = 2634 €
  2. 2. PV = 12500 €
  3. 3. FV = 4254 €
  4. 4. PV = 4329 €
  5. 5. FV = 49164 €
  6. 6. FV = 81812 €

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