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…12PV = ?€8 000

You will receive €8 000 in 12 years. The interest rate is 6% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €8 000i = 6%n = 12
PV = €
2.Easy
years0123456€7 500FV = ?

You deposit €7 500 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 6 years? Find the future value FV.

PV = €7 500i = 7%n = 6
FV = €
3.Medium
years0123…9PV = ?€5 000

You need €5 000 in 9 years. An account pays 5% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €5 0005% / 4n = 9
PV = €
4.Medium
years0123…12PV = ?€2 000€2 000€2 000€2 000

An annuity pays €2 000 at the end of each year for 12 years. The interest rate is 8% per year. Find the present value PV of the annuity.

A = €2 000i = 8%n = 12
PV = €
5.Hard
months0123…300€200 000A?AAA

A loan of €200 000 is repaid with equal monthly payments over 25 years. The interest rate is 6% per year, compounded monthly. Find the monthly payment A.

P = €200 0006% / 12N = 300
A = €
6.Hard
months0123…72A?AA€50 000

You want €50 000 in 6 years. You save the same amount at the end of every month in an account paying 3% per year, compounded monthly. Find the monthly deposit A.

FV = €50 0003% / 12N = 72
A = €

Answer key

  1. 1. PV = 3976 €
  2. 2. FV = 11255 €
  3. 3. PV = 3197 €
  4. 4. PV = 15072 €
  5. 5. A = 1289 €
  6. 6. A = 634.7 €

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