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…11€7 500FV = ?

You deposit €7 500 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €7 500i = 3.5%n = 11
FV = €
2.Easy
years012345€8 000€10 960

An investment of €8 000 grows to €10 960 in 5 years with annual compounding. Find the annual interest rate i in percent.

PV = €8 000FV = €10 960n = 5
i = %
3.Medium
years0123…9PV = ?€8 000+1%+1%…r = 5%

A property is expected to earn net rent of €8 000 next year. The rent is expected to grow by 1% per year forever. The required return is 5% per year. Find the value PV of the property today.

C1 = €8 000g = 1%r = 5%
PV = €
4.Medium
years0123…8€1 000FV = ?

You invest €1 000 at a nominal rate of 4% per year, compounded monthly. Find the value FV of the investment after 8 years.

PV = €1 0004% / 12n = 8
FV = €
5.Hard
months0123…120€250€250€250FV = ?

You save €250 at the end of every month for 10 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2502.4% / 12N = 120
FV = €
6.Hard
months0123…108€300€300€300FV = ?

You save €300 at the end of every month for 9 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3002.4% / 12N = 108
FV = €

Answer key

  1. 1. FV = 10950 €
  2. 2. i = 6.499 %
  3. 3. PV = 200000 €
  4. 4. FV = 1376 €
  5. 5. FV = 33868 €
  6. 6. FV = 36125 €

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