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€500FV = ?

You deposit €500 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 2 years? Find the future value FV.

PV = €500i = 6%n = 2
FV = €
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 4% interest per year. How much must be invested today? Find PV.

A = €500i = 4%
PV = €
3.Medium
years0123…13PV = ?€1 500€1 500€1 500€1 500

An annuity pays €1 500 at the end of each year for 13 years. The interest rate is 6% per year. Find the present value PV of the annuity.

A = €1 500i = 6%n = 13
PV = €
4.Medium
years0123€2 000FV = ?

You invest €2 000 at 3% per year with continuous compounding. Find the value FV after 3 years.

PV = €2 000r = 3%t = 3
FV = €
5.Hard
months0123…216A?AA€50 000

You want €50 000 in 18 years. You save the same amount at the end of every month in an account paying 3% per year, compounded monthly. Find the monthly deposit A.

FV = €50 0003% / 12N = 216
A = €
6.Hard
years0123…15€2 500€2 500€2 500FV = ?

You deposit €2 500 at the start of every year for 15 years, the first deposit today. The account pays 4% per year. How much is in the account at the end of year 15? Find FV.

A = €2 500i = 4%n = 15
FV = €

Answer key

  1. 1. FV = 561.8 €
  2. 2. PV = 12500 €
  3. 3. PV = 13279 €
  4. 4. FV = 2188 €
  5. 5. A = 174.9 €
  6. 6. FV = 52061 €

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