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

An investment of €2 000 grows to €2 750 in 4 years with annual compounding. Find the annual interest rate i in percent.

PV = €2 000FV = €2 750n = 4

i = %

2.Easy

You deposit €4 000 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €4 000i = 1.5%n = 3

FV = €

3.Medium

You invest €10 000 at 4% per year with continuous compounding. Find the value FV after 7 years.

PV = €10 000r = 4%t = 7

FV = €

4.Medium

You invest €2 000 at a nominal rate of 2% per year, compounded monthly. Find the value FV of the investment after 9 years.

PV = €2 0002% / 12n = 9

FV = €

5.Hard

You deposit €2 000 at the start of every year for 7 years, the first deposit today. The account pays 5% per year. How much is in the account at the end of year 7? Find FV.

A = €2 000i = 5%n = 7

FV = €

6.Hard

You save €50 at the end of every month for 13 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €502.4% / 12N = 156

FV = €

Answer key

1. i = 8.287 %
2. FV = 4183 €
3. FV = 13231 €
4. FV = 2394 €
5. FV = 17098 €
6. FV = 9143 €

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