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€7 500FV = ?

You deposit €7 500 in a savings account that pays 4.5% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €7 500i = 4.5%n = 11
FV = €
2.Easy
years01234€8 000€9 910

An investment of €8 000 grows to €9 910 in 4 years with annual compounding. Find the annual interest rate i in percent.

PV = €8 000FV = €9 910n = 4
i = %
3.Medium
years0123…12PV = ?€5 000€5 000€5 000€5 000

An annuity pays €5 000 at the end of each year for 12 years. The interest rate is 7% per year. Find the present value PV of the annuity.

A = €5 000i = 7%n = 12
PV = €
4.Medium
years01234567€3 000FV = ?

You invest €3 000 at a nominal rate of 2% per year, compounded quarterly. Find the value FV of the investment after 7 years.

PV = €3 0002% / 4n = 7
FV = €
5.Hard
months0123…360€50€50€50FV = ?

You save €50 at the end of every month for 30 years. The account pays 3% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €503% / 12N = 360
FV = €
6.Hard
months0123…144€150€150€150FV = ?

You save €150 at the end of every month for 12 years. The account pays 4.8% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1504.8% / 12N = 144
FV = €

Answer key

  1. 1. FV = 12171 €
  2. 2. i = 5.498 %
  3. 3. PV = 39713 €
  4. 4. FV = 3450 €
  5. 5. FV = 29137 €
  6. 6. FV = 29132 €

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