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
years0123…10€2 500FV = ?

You deposit €2 500 in a savings account that pays 5% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €2 500i = 5%n = 10
FV = €
2.Easy
years0123…11PV = ?€25 000

You will receive €25 000 in 11 years. The interest rate is 8% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €25 000i = 8%n = 11
PV = €
3.Medium
years0123€2 000FV = ?

You invest €2 000 at a nominal rate of 3% per year, compounded quarterly. Find the value FV of the investment after 3 years.

PV = €2 0003% / 4n = 3
FV = €
4.Medium
years0123…10€20 000FV = ?

You invest €20 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 10 years.

PV = €20 0006% / 12n = 10
FV = €
5.Hard
months0123…48A?AA€10 000

You want €10 000 in 4 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 = €10 0003% / 12N = 48
A = €
6.Hard
years0123…29€6 000€6 000€6 000FV = ?

You deposit €6 000 at the start of every year for 29 years, the first deposit today. The account pays 3% per year. How much is in the account at the end of year 29? Find FV.

A = €6 000i = 3%n = 29
FV = €

Answer key

  1. 1. FV = 4072 €
  2. 2. PV = 10722 €
  3. 3. FV = 2188 €
  4. 4. FV = 36388 €
  5. 5. A = 196.3 €
  6. 6. FV = 279452 €

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