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…10€2 000€3 340

An investment of €2 000 grows to €3 340 in 10 years with annual compounding. Find the annual interest rate i in percent.

PV = €2 000FV = €3 340n = 10
i = %
2.Easy
years012345€2 000FV = ?

You deposit €2 000 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 5 years? Find the future value FV.

PV = €2 000i = 1.5%n = 5
FV = €
3.Medium
years01234567€20 000FV = ?

You invest €20 000 at a nominal rate of 4% per year, compounded quarterly. Find the value FV of the investment after 7 years.

PV = €20 0004% / 4n = 7
FV = €
4.Medium
years0123…10€8 000FV = ?

You invest €8 000 at a nominal rate of 6% per year, compounded quarterly. Find the value FV of the investment after 10 years.

PV = €8 0006% / 4n = 10
FV = €
5.Hard
months0123…72€250€250€250FV = ?

You save €250 at the end of every month for 6 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2503.6% / 12N = 72
FV = €
6.Hard
months0123…72€25 000A?AAA

A loan of €25 000 is repaid with equal monthly payments over 6 years. The interest rate is 2.4% per year, compounded monthly. Find the monthly payment A.

P = €25 0002.4% / 12N = 72
A = €

Answer key

  1. 1. i = 5.262 %
  2. 2. FV = 2155 €
  3. 3. FV = 26426 €
  4. 4. FV = 14512 €
  5. 5. FV = 20058 €
  6. 6. A = 373.2 €

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