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
years01234€5 000FV = ?

You deposit €5 000 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 4 years? Find the future value FV.

PV = €5 000i = 1.5%n = 4
FV = €
2.Easy
years0123…12€2 500FV = ?

You deposit €2 500 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 12 years? Find the future value FV.

PV = €2 500i = 3.5%n = 12
FV = €
3.Medium
years012345€1 000FV = ?

You invest €1 000 at 4% per year with continuous compounding. Find the value FV after 5 years.

PV = €1 000r = 4%t = 5
FV = €
4.Medium
periods0123…1211 + EAR = ?24% / 12

A credit card charges a nominal interest rate of 24% per year, compounded monthly. Find the effective annual rate EAR in percent.

r = 24%m = 12
EAR = %
5.Hard
months0123…312€50€50€50FV = ?

You save €50 at the end of every month for 26 years. The account pays 3% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €503% / 12N = 312
FV = €
6.Hard
years0123…19€2 000€2 000€2 000FV = ?

You deposit €2 000 at the start of every year for 19 years, the first deposit today. The account pays 6% per year. How much is in the account at the end of year 19? Find FV.

A = €2 000i = 6%n = 19
FV = €

Answer key

  1. 1. FV = 5307 €
  2. 2. FV = 3778 €
  3. 3. FV = 1221 €
  4. 4. EAR = 26.82 %
  5. 5. FV = 23587 €
  6. 6. FV = 71571 €

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