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€4 000FV = ?

You deposit €4 000 in a savings account that pays 2.5% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €4 000i = 2.5%n = 11
FV = €
2.Easy
years0123…9€7 500FV = ?

You deposit €7 500 in a savings account that pays 5% interest per year, compounded annually. How much is in the account after 9 years? Find the future value FV.

PV = €7 500i = 5%n = 9
FV = €
3.Medium
years012€12 000FV = ?

You invest €12 000 at a nominal rate of 3% per year, compounded quarterly. Find the value FV of the investment after 2 years.

PV = €12 0003% / 4n = 2
FV = €
4.Medium
years0123…9PV = ?€5 000+4%+4%…r = 6%

A property is expected to earn net rent of €5 000 next year. The rent is expected to grow by 4% per year forever. The required return is 6% per year. Find the value PV of the property today.

C1 = €5 000g = 4%r = 6%
PV = €
5.Hard
months0123…240€250€250€250FV = ?

You save €250 at the end of every month for 20 years. The account pays 4.8% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2504.8% / 12N = 240
FV = €
6.Hard
months0123…132A?AA€25 000

You want €25 000 in 11 years. You save the same amount at the end of every month in an account paying 4.8% per year, compounded monthly. Find the monthly deposit A.

FV = €25 0004.8% / 12N = 132
A = €

Answer key

  1. 1. FV = 5248 €
  2. 2. FV = 11635 €
  3. 3. FV = 12739 €
  4. 4. PV = 250000 €
  5. 5. FV = 100419 €
  6. 6. A = 144.1 €

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