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 €2 000 at 6% interest per year, compounded annually (interest is added at the end of each year). After how many whole years n does the balance first reach at least €6 000?

PV = €2 000FV = €6 000i = 6%

n = years

2.Easy

You deposit €2 500 at 4% interest per year, compounded annually (interest is added at the end of each year). After how many whole years n does the balance first reach at least €5 000?

PV = €2 500FV = €5 000i = 4%

n = years

3.Medium

An annuity pays €500 at the end of each year for 12 years. The interest rate is 6% per year. Find the present value PV of the annuity.

A = €500i = 6%n = 12

PV = €

4.Medium

You invest €8 000 at a nominal rate of 3.6% per year, compounded quarterly. Find the value FV of the investment after 3 years.

PV = €8 0003.6% / 4n = 3

FV = €

5.Hard

You deposit €1 000 at the start of every year for 29 years, the first deposit today. The account pays 5% per year. How much is in the account at the end of year 29? Find FV.

A = €1 000i = 5%n = 29

FV = €

6.Hard

You save €150 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 = €1507.2% / 12N = 180

FV = €

Answer key

1. n = 19 years
2. n = 18 years
3. PV = 4192 €
4. FV = 8908 €
5. FV = 65439 €
6. FV = 48380 €

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