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.

New worksheet Practise online with hints

For teachers: free to print, copy and use in class. Every new worksheet has new values and its own answer key. A link to ExamProblems on your course page is appreciated.

Name: ____________________ Date: ____________

1.Easy

You deposit €4 000 at 6% interest per year, compounded annually (interest is added at the end of each year). After how many whole years n does the balance first reach at least €8 000?

PV = €4 000FV = €8 000i = 6%

n = years

2.Easy

A foundation wants to pay a prize of €12 000 at the end of every year, forever. The fund earns 4% interest per year. How much must be invested today? Find PV.

A = €12 000i = 4%

PV = €

3.Medium

You need €25 000 in 9 years. An account pays 4% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €25 0004% / 12n = 9

PV = €

4.Medium

You invest €5 000 at 4% per year with continuous compounding. Find the value FV after 8 years.

PV = €5 000r = 4%t = 8

FV = €

5.Hard

You save €200 at the end of every month for 10 years. The account pays 4.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2004.2% / 12N = 120

FV = €

6.Hard

You save €150 at the end of every month for 26 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1502.4% / 12N = 312

FV = €

Answer key

1. n = 12 years
2. PV = 300000 €
3. PV = 17452 €
4. FV = 6886 €
5. FV = 29763 €
6. FV = 64891 €

Full step-by-step solutions: practise this topic on examproblems.com.