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 worksheetPractise 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
years012345€10 000€11 590

An investment of €10 000 grows to €11 590 in 5 years with annual compounding. Find the annual interest rate i in percent.

PV = €10 000FV = €11 590n = 5
i = %
2.Easy
years01234567€10 000€16 320

An investment of €10 000 grows to €16 320 in 7 years with annual compounding. Find the annual interest rate i in percent.

PV = €10 000FV = €16 320n = 7
i = %
3.Medium
years0123…10PV = ?€10 000

You need €10 000 in 10 years. An account pays 3.6% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €10 0003.6% / 4n = 10
PV = €
4.Medium
years01234567PV = ?€50 000

You need €50 000 in 7 years. An account pays 3.6% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €50 0003.6% / 4n = 7
PV = €
5.Hard
months0123…312€100€100€100FV = ?

You save €100 at the end of every month for 26 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1003.6% / 12N = 312
FV = €
6.Hard
months0123…N = ?€10 000€325€325€325€3257.2% / 12

You borrow €10 000 at 7.2% per year, compounded monthly, and repay €325 at the end of every month. How many months does it take until the loan is repaid (the last payment may be smaller)? Give the number of payments N.

P = €10 000A = €3257.2% / 12
N = payments

Answer key

  1. 1. i = 2.995 %
  2. 2. i = 7.248 %
  3. 3. PV = 6988 €
  4. 4. PV = 38906 €
  5. 5. FV = 51540 €
  6. 6. N = 35 payments

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