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…10€500FV = ?

You deposit €500 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 = €500i = 5%n = 10
FV = €
2.Easy
years0123…9PV = ?€2 500€2 500€2 500…

A foundation wants to pay a prize of €2 500 at the end of every year, forever. The fund earns 4% interest per year. How much must be invested today? Find PV.

A = €2 500i = 4%
PV = €
3.Medium
years0123…10€20 000FV = ?

You invest €20 000 at a nominal rate of 3.6% per year, compounded monthly. Find the value FV of the investment after 10 years.

PV = €20 0003.6% / 12n = 10
FV = €
4.Medium
years0123€20 000FV = ?

You invest €20 000 at 2% per year with continuous compounding. Find the value FV after 3 years.

PV = €20 000r = 2%t = 3
FV = €
5.Hard
months0123…60€25 000A?AAA

A loan of €25 000 is repaid with equal monthly payments over 5 years. The interest rate is 4.8% per year, compounded monthly. Find the monthly payment A.

P = €25 0004.8% / 12N = 60
A = €
6.Hard
months0123…180€200€200€200FV = ?

You save €200 at the end of every month for 15 years. The account pays 7.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2007.2% / 12N = 180
FV = €

Answer key

  1. 1. FV = 814.4 €
  2. 2. PV = 62500 €
  3. 3. FV = 28651 €
  4. 4. FV = 21237 €
  5. 5. A = 469.5 €
  6. 6. FV = 64506 €

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