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…11€1 500FV = ?

You deposit €1 500 in a savings account that pays 4% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €1 500i = 4%n = 11
FV = €
2.Easy
years01234567€4 000€4 670

An investment of €4 000 grows to €4 670 in 7 years with annual compounding. Find the annual interest rate i in percent.

PV = €4 000FV = €4 670n = 7
i = %
3.Medium
years0123€2 000FV = ?

You invest €2 000 at a nominal rate of 4% per year, compounded monthly. Find the value FV of the investment after 3 years.

PV = €2 0004% / 12n = 3
FV = €
4.Medium
years0123…8€1 000FV = ?

You invest €1 000 at a nominal rate of 3.6% per year, compounded monthly. Find the value FV of the investment after 8 years.

PV = €1 0003.6% / 12n = 8
FV = €
5.Hard
months0123…84€250€250€250FV = ?

You save €250 at the end of every month for 7 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2503.6% / 12N = 84
FV = €
6.Hard
months0123…360€200 000AAAA7.2% / 12, I = ?

A loan of €200 000 is repaid with equal monthly payments over 30 years at 7.2% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €200 0007.2% / 12N = 360
I = €

Answer key

  1. 1. FV = 2309 €
  2. 2. i = 2.237 %
  3. 3. FV = 2255 €
  4. 4. FV = 1333 €
  5. 5. FV = 23843 €
  6. 6. I = 288728 €

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