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…13PV = ?€25 000

You will receive €25 000 in 13 years. The interest rate is 3.5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €25 000i = 3.5%n = 13
PV = €
2.Easy
years0123…9PV = ?€500€500€500…

A foundation wants to pay a prize of €500 at the end of every year, forever. The fund earns 2% interest per year. How much must be invested today? Find PV.

A = €500i = 2%
PV = €
3.Medium
years0123456€3 000FV = ?

You invest €3 000 at a nominal rate of 6% per year, compounded quarterly. Find the value FV of the investment after 6 years.

PV = €3 0006% / 4n = 6
FV = €
4.Medium
years0123…10PV = ?€20 000

You need €20 000 in 10 years. An account pays 6% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €20 0006% / 4n = 10
PV = €
5.Hard
months0123…240A?AA€75 000

You want €75 000 in 20 years. You save the same amount at the end of every month in an account paying 3.6% per year, compounded monthly. Find the monthly deposit A.

FV = €75 0003.6% / 12N = 240
A = €
6.Hard
months0123…204€150€150€150FV = ?

You save €150 at the end of every month for 17 years. The account pays 4.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1504.2% / 12N = 204
FV = €

Answer key

  1. 1. PV = 15985 €
  2. 2. PV = 25000 €
  3. 3. FV = 4289 €
  4. 4. PV = 11025 €
  5. 5. A = 213.8 €
  6. 6. FV = 44554 €

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