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…9PV = ?€500€500€500…

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

A = €500i = 2%
PV = €
2.Easy
years0123…10€7 500FV = ?

You deposit €7 500 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €7 500i = 7%n = 10
FV = €
3.Medium
years01234567PV = ?€40 000

You need €40 000 in 7 years. An account pays 2% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €40 0002% / 4n = 7
PV = €
4.Medium
years0123456€2 000FV = ?

You invest €2 000 at a nominal rate of 2% per year, compounded quarterly. Find the value FV of the investment after 6 years.

PV = €2 0002% / 4n = 6
FV = €
5.Hard
months0123…48€20 000A?AAA

A loan of €20 000 is repaid with equal monthly payments over 4 years. The interest rate is 6% per year, compounded monthly. Find the monthly payment A.

P = €20 0006% / 12N = 48
A = €
6.Hard
months0123…120€500€500€500FV = ?

You save €500 at the end of every month for 10 years. The account pays 5.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €5005.4% / 12N = 120
FV = €

Answer key

  1. 1. PV = 25000 €
  2. 2. FV = 14754 €
  3. 3. PV = 34786 €
  4. 4. FV = 2254 €
  5. 5. A = 469.7 €
  6. 6. FV = 79325 €

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