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€2 000FV = ?

You deposit €2 000 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €2 000i = 6%n = 3
FV = €
2.Easy
years0123…9PV = ?€2 500€2 500€2 500…

A foundation wants to pay a prize of €2 500 at the end of every year, forever. The fund earns 2.5% interest per year. How much must be invested today? Find PV.

A = €2 500i = 2.5%
PV = €
3.Medium
years0123PV = ?€50 000

You need €50 000 in 3 years. An account pays 4% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €50 0004% / 4n = 3
PV = €
4.Medium
years0123456PV = ?€500€500€500€500

An annuity pays €500 at the end of each year for 6 years. The interest rate is 7% per year. Find the present value PV of the annuity.

A = €500i = 7%n = 6
PV = €
5.Hard
months0123…240€150 000AAAA6% / 12, I = ?

A loan of €150 000 is repaid with equal monthly payments over 20 years at 6% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €150 0006% / 12N = 240
I = €
6.Hard
months0123…204€300€300€300FV = ?

You save €300 at the end of every month for 17 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3003.6% / 12N = 204
FV = €

Answer key

  1. 1. FV = 2382 €
  2. 2. PV = 100000 €
  3. 3. PV = 44372 €
  4. 4. PV = 2383 €
  5. 5. I = 107915 €
  6. 6. FV = 84243 €

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