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…10€5 000FV = ?

You deposit €5 000 in a savings account that pays 5% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €5 000i = 5%n = 10
FV = €
2.Easy
years01234567€5 000FV = ?

You deposit €5 000 in a savings account that pays 4% interest per year, compounded annually. How much is in the account after 7 years? Find the future value FV.

PV = €5 000i = 4%n = 7
FV = €
3.Medium
years0123456PV = ?€20 000

You need €20 000 in 6 years. An account pays 3% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €20 0003% / 4n = 6
PV = €
4.Medium
years0123€8 000FV = ?

You invest €8 000 at a nominal rate of 4% per year, compounded monthly. Find the value FV of the investment after 3 years.

PV = €8 0004% / 12n = 3
FV = €
5.Hard
months0123…240€150 000A?AAA

A loan of €150 000 is repaid with equal monthly payments over 20 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €150 0005.4% / 12N = 240
A = €
6.Hard
months0123…156€300€300€300FV = ?

You save €300 at the end of every month for 13 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3002.4% / 12N = 156
FV = €

Answer key

  1. 1. FV = 8144 €
  2. 2. FV = 6580 €
  3. 3. PV = 16717 €
  4. 4. FV = 9018 €
  5. 5. A = 1023 €
  6. 6. FV = 54859 €

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