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…8€2 000FV = ?

You deposit €2 000 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €2 000i = 3.5%n = 8
FV = €
2.Easy
years0123…11€2 500FV = ?

You deposit €2 500 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €2 500i = 6%n = 11
FV = €
3.Medium
years0123PV = ?€50 000

You need €50 000 in 3 years. An account pays 6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €50 0006% / 12n = 3
PV = €
4.Medium
years0123…19PV = ?€1 000€1 000€1 000€1 000

An annuity pays €1 000 at the end of each year for 19 years. The interest rate is 10% per year. Find the present value PV of the annuity.

A = €1 000i = 10%n = 19
PV = €
5.Hard
months0123…276€300€300€300FV = ?

You save €300 at the end of every month for 23 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3002.4% / 12N = 276
FV = €
6.Hard
months0123…144A?AA€20 000

You want €20 000 in 12 years. You save the same amount at the end of every month in an account paying 4.2% per year, compounded monthly. Find the monthly deposit A.

FV = €20 0004.2% / 12N = 144
A = €

Answer key

  1. 1. FV = 2634 €
  2. 2. FV = 4746 €
  3. 3. PV = 41782 €
  4. 4. PV = 8365 €
  5. 5. FV = 110365 €
  6. 6. A = 107.1 €

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