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 €5 000 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €5 000i = 2%n = 3

FV = €

2.Easy

An investment of €4 000 grows to €6 060 in 10 years with annual compounding. Find the annual interest rate i in percent.

PV = €4 000FV = €6 060n = 10

i = %

3.Medium

You need €5 000 in 10 years. An account pays 5% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €5 0005% / 4n = 10

PV = €

4.Medium

You invest €1 000 at a nominal rate of 5% per year, compounded monthly. Find the value FV of the investment after 7 years.

PV = €1 0005% / 12n = 7

FV = €

5.Hard

You deposit €1 000 at the start of every year for 25 years, the first deposit today. The account pays 4% per year. How much is in the account at the end of year 25? Find FV.

A = €1 000i = 4%n = 25

FV = €

6.Hard

A loan of €150 000 is repaid with equal monthly payments over 25 years. The interest rate is 6% per year, compounded monthly. Find the monthly payment A.

P = €150 0006% / 12N = 300

A = €

Answer key

1. FV = 5306 €
2. i = 4.242 %
3. PV = 3042 €
4. FV = 1418 €
5. FV = 43312 €
6. A = 966.5 €

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