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
years012n = ?€5 000€15 000

You deposit €5 000 at 2% interest per year, compounded annually (interest is added at the end of each year). After how many whole years n does the balance first reach at least €15 000?

PV = €5 000FV = €15 000i = 2%
n = years
2.Easy
years0123…10€500FV = ?

You deposit €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 = €500i = 3%n = 10
FV = €
3.Medium
years0123…9€12 000FV = ?

You invest €12 000 at a nominal rate of 3% per year, compounded quarterly. Find the value FV of the investment after 9 years.

PV = €12 0003% / 4n = 9
FV = €
4.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 4% per year. Find the present value PV of the annuity.

A = €5 000i = 4%n = 7
PV = €
5.Hard
years0123…22€3 000€3 000€3 000FV = ?

You deposit €3 000 at the start of every year for 22 years, the first deposit today. The account pays 8% per year. How much is in the account at the end of year 22? Find FV.

A = €3 000i = 8%n = 22
FV = €
6.Hard
months0123…228€500€500€500FV = ?

You save €500 at the end of every month for 19 years. The account pays 4.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €5004.2% / 12N = 228
FV = €

Answer key

  1. 1. n = 56 years
  2. 2. FV = 672 €
  3. 3. FV = 15704 €
  4. 4. PV = 30010 €
  5. 5. FV = 179680 €
  6. 6. FV = 174000 €

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