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
years0123PV = ?€5 000

You will receive €5 000 in 3 years. The interest rate is 3.5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €5 000i = 3.5%n = 3
PV = €
2.Easy
years0123…10€4 000FV = ?

You deposit €4 000 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €4 000i = 7%n = 10
FV = €
3.Medium
years0123…10PV = ?€40 000

You need €40 000 in 10 years. An account pays 6% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €40 0006% / 4n = 10
PV = €
4.Medium
years012€8 000FV = ?

You invest €8 000 at a nominal rate of 4% per year, compounded quarterly. Find the value FV of the investment after 2 years.

PV = €8 0004% / 4n = 2
FV = €
5.Hard
months0123…300€500€500€500FV = ?

You save €500 at the end of every month for 25 years. The account pays 7.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €5007.2% / 12N = 300
FV = €
6.Hard
months0123…360€150 000AAAA4.8% / 12, I = ?

A loan of €150 000 is repaid with equal monthly payments over 30 years at 4.8% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €150 0004.8% / 12N = 360
I = €

Answer key

  1. 1. PV = 4510 €
  2. 2. FV = 7869 €
  3. 3. PV = 22050 €
  4. 4. FV = 8663 €
  5. 5. FV = 418100 €
  6. 6. I = 133319 €

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