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…10€10 000FV = ?

You deposit €10 000 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €10 000i = 6%n = 10
FV = €
2.Easy
years01234567€1 500FV = ?

You deposit €1 500 in a savings account that pays 4% interest per year, compounded annually. How much is in the account after 7 years? Find the future value FV.

PV = €1 500i = 4%n = 7
FV = €
3.Medium
years01234PV = ?€5 000

You need €5 000 in 4 years. An account pays 4% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €5 0004% / 4n = 4
PV = €
4.Medium
years0123…12€10 000FV = ?

You invest €10 000 at 5% per year with continuous compounding. Find the value FV after 12 years.

PV = €10 000r = 5%t = 12
FV = €
5.Hard
months0123…192€300€300€300FV = ?

You save €300 at the end of every month for 16 years. The account pays 6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3006% / 12N = 192
FV = €
6.Hard
months0123…324€500€500€500FV = ?

You save €500 at the end of every month for 27 years. The account pays 5.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €5005.4% / 12N = 324
FV = €

Answer key

  1. 1. FV = 17908 €
  2. 2. FV = 1974 €
  3. 3. PV = 4264 €
  4. 4. FV = 18221 €
  5. 5. FV = 96327 €
  6. 6. FV = 364814 €

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