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…14PV = ?€15 000

You will receive €15 000 in 14 years. The interest rate is 2.5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €15 000i = 2.5%n = 14
PV = €
2.Easy
years0123…8€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 8 years? Find the future value FV.

PV = €2 500i = 5%n = 8
FV = €
3.Medium
years01234567PV = ?€5 000€5 000€5 000€5 000

An annuity pays €5 000 at the end of each year for 7 years. The interest rate is 5% per year. Find the present value PV of the annuity.

A = €5 000i = 5%n = 7
PV = €
4.Medium
years0123…8PV = ?€15 000

You need €15 000 in 8 years. An account pays 3.6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €15 0003.6% / 12n = 8
PV = €
5.Hard
months0123…240€200 000A?AAA

A loan of €200 000 is repaid with equal monthly payments over 20 years. The interest rate is 7.2% per year, compounded monthly. Find the monthly payment A.

P = €200 0007.2% / 12N = 240
A = €
6.Hard
months0123…72€30 000AAAA4.2% / 12, I = ?

A loan of €30 000 is repaid with equal monthly payments over 6 years at 4.2% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €30 0004.2% / 12N = 72
I = €

Answer key

  1. 1. PV = 10616 €
  2. 2. FV = 3694 €
  3. 3. PV = 28932 €
  4. 4. PV = 11251 €
  5. 5. A = 1575 €
  6. 6. I = 3991 €

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