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

You deposit €1 000 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 5 years? Find the future value FV.

PV = €1 000i = 3.5%n = 5

FV = €

2.Easy

You deposit €2 500 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 6 years? Find the future value FV.

PV = €2 500i = 7%n = 6

FV = €

3.Medium

You need €5 000 in 8 years. An account pays 5% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €5 0005% / 4n = 8

PV = €

4.Medium

You invest €8 000 at a nominal rate of 4.8% per year, compounded monthly. Find the value FV of the investment after 5 years.

PV = €8 0004.8% / 12n = 5

FV = €

5.Hard

You deposit €1 000 at the start of every year for 30 years, the first deposit today. The account pays 3% per year. How much is in the account at the end of year 30? Find FV.

A = €1 000i = 3%n = 30

FV = €

6.Hard

You deposit €2 000 at the start of every year for 20 years, the first deposit today. The account pays 5% per year. How much is in the account at the end of year 20? Find FV.

A = €2 000i = 5%n = 20

FV = €

Answer key

1. FV = 1188 €
2. FV = 3752 €
3. PV = 3360 €
4. FV = 10165 €
5. FV = 49003 €
6. FV = 69439 €

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