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€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 10 years? Find the future value FV.

PV = €7 500i = 5%n = 10
FV = €
2.Easy
years01234567PV = ?€20 000

You will receive €20 000 in 7 years. The interest rate is 7% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €20 000i = 7%n = 7
PV = €
3.Medium
years0123456€12 000FV = ?

You invest €12 000 at a nominal rate of 6% per year, compounded quarterly. Find the value FV of the investment after 6 years.

PV = €12 0006% / 4n = 6
FV = €
4.Medium
years0123…8PV = ?€25 000

You need €25 000 in 8 years. An account pays 5% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €25 0005% / 12n = 8
PV = €
5.Hard
months0123…240€200 000A?AAA

A loan of €200 000 is repaid with equal monthly payments over 20 years. The interest rate is 4.2% per year, compounded monthly. Find the monthly payment A.

P = €200 0004.2% / 12N = 240
A = €
6.Hard
years0123…22€6 000€6 000€6 000FV = ?

You deposit €6 000 at the start of every year for 22 years, the first deposit today. The account pays 6% per year. How much is in the account at the end of year 22? Find FV.

A = €6 000i = 6%n = 22
FV = €

Answer key

  1. 1. FV = 12217 €
  2. 2. PV = 12455 €
  3. 3. FV = 17154 €
  4. 4. PV = 16772 €
  5. 5. A = 1233 €
  6. 6. FV = 275975 €

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