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
years012€10 000FV = ?

You deposit €10 000 in a savings account that pays 2.5% interest per year, compounded annually. How much is in the account after 2 years? Find the future value FV.

PV = €10 000i = 2.5%n = 2
FV = €
2.Easy
years0123…9PV = ?€2 000€2 000€2 000…

A foundation wants to pay a prize of €2 000 at the end of every year, forever. The fund earns 8% interest per year. How much must be invested today? Find PV.

A = €2 000i = 8%
PV = €
3.Medium
years01234PV = ?€5 000

You need €5 000 in 4 years. An account pays 4% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €5 0004% / 4n = 4
PV = €
4.Medium
years0123…9€12 000FV = ?

You invest €12 000 at a nominal rate of 2% per year, compounded monthly. Find the value FV of the investment after 9 years.

PV = €12 0002% / 12n = 9
FV = €
5.Hard
months0123…360€200 000A?AAA

A loan of €200 000 is repaid with equal monthly payments over 30 years. The interest rate is 4.2% per year, compounded monthly. Find the monthly payment A.

P = €200 0004.2% / 12N = 360
A = €
6.Hard
years0123…24€5 000€5 000€5 000FV = ?

You deposit €5 000 at the start of every year for 24 years, the first deposit today. The account pays 5% per year. How much is in the account at the end of year 24? Find FV.

A = €5 000i = 5%n = 24
FV = €

Answer key

  1. 1. FV = 10506 €
  2. 2. PV = 25000 €
  3. 3. PV = 4264 €
  4. 4. FV = 14364 €
  5. 5. A = 978 €
  6. 6. FV = 233635 €

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