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…12PV = ?€15 000

You will receive €15 000 in 12 years. The interest rate is 7% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €15 000i = 7%n = 12
PV = €
2.Easy
years012345€2 000FV = ?

You deposit €2 000 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 5 years? Find the future value FV.

PV = €2 000i = 7%n = 5
FV = €
3.Medium
periods0123…36511 + EAR = ?18% / 365

A credit card charges a nominal interest rate of 18% per year, compounded daily. Find the effective annual rate EAR in percent.

r = 18%m = 365
EAR = %
4.Medium
years0123€20 000FV = ?

You invest €20 000 at a nominal rate of 4% per year, compounded monthly. Find the value FV of the investment after 3 years.

PV = €20 0004% / 12n = 3
FV = €
5.Hard
months0123…120€150€150€150FV = ?

You save €150 at the end of every month for 10 years. The account pays 7.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1507.2% / 12N = 120
FV = €
6.Hard
months0123…48€8 000A?AAA

A loan of €8 000 is repaid with equal monthly payments over 4 years. The interest rate is 3% per year, compounded monthly. Find the monthly payment A.

P = €8 0003% / 12N = 48
A = €

Answer key

  1. 1. PV = 6660 €
  2. 2. FV = 2805 €
  3. 3. EAR = 19.72 %
  4. 4. FV = 22545 €
  5. 5. FV = 26250 €
  6. 6. A = 177.1 €

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