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 3.5% interest per year, compounded annually. How much is in the account after 4 years? Find the future value FV.

PV = €5 000i = 3.5%n = 4
FV = €
2.Easy
years0123…10€500FV = ?

You deposit €500 in a savings account that pays 4% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €500i = 4%n = 10
FV = €
3.Medium
periods0123411 + EAR = ?21% / 4

A credit card charges a nominal interest rate of 21% per year, compounded quarterly. Find the effective annual rate EAR in percent.

r = 21%m = 4
EAR = %
4.Medium
years0123PV = ?€50 000

You need €50 000 in 3 years. An account pays 4.8% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €50 0004.8% / 4n = 3
PV = €
5.Hard
months0123…360€100€100€100FV = ?

You save €100 at the end of every month for 30 years. The account pays 5.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1005.4% / 12N = 360
FV = €
6.Hard
months0123…48€25 000A?AAA

A loan of €25 000 is repaid with equal monthly payments over 4 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €25 0005.4% / 12N = 48
A = €

Answer key

  1. 1. FV = 5738 €
  2. 2. FV = 740.1 €
  3. 3. EAR = 22.71 %
  4. 4. PV = 43332 €
  5. 5. FV = 89661 €
  6. 6. A = 580.3 €

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