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€1 500FV = ?

You deposit €1 500 in a savings account that pays 3% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €1 500i = 3%n = 10
FV = €
2.Easy
years01234€4 000FV = ?

You deposit €4 000 in a savings account that pays 4% interest per year, compounded annually. How much is in the account after 4 years? Find the future value FV.

PV = €4 000i = 4%n = 4
FV = €
3.Medium
years0123…17PV = ?€1 500€1 500€1 500€1 500

An annuity pays €1 500 at the end of each year for 17 years. The interest rate is 4% per year. Find the present value PV of the annuity.

A = €1 500i = 4%n = 17
PV = €
4.Medium
years0123…16PV = ?€2 000€2 000€2 000€2 000

An annuity pays €2 000 at the end of each year for 16 years. The interest rate is 4% per year. Find the present value PV of the annuity.

A = €2 000i = 4%n = 16
PV = €
5.Hard
months0123…312€300€300€300FV = ?

You save €300 at the end of every month for 26 years. The account pays 6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3006% / 12N = 312
FV = €
6.Hard
months0123…60€20 000A?AAA

A loan of €20 000 is repaid with equal monthly payments over 5 years. The interest rate is 4.8% per year, compounded monthly. Find the monthly payment A.

P = €20 0004.8% / 12N = 60
A = €

Answer key

  1. 1. FV = 2016 €
  2. 2. FV = 4679 €
  3. 3. PV = 18249 €
  4. 4. PV = 23305 €
  5. 5. FV = 224422 €
  6. 6. A = 375.6 €

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