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
years012345€500FV = ?

You deposit €500 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 5 years? Find the future value FV.

PV = €500i = 6%n = 5
FV = €
2.Easy
years0123…8€7 500FV = ?

You deposit €7 500 in a savings account that pays 4.5% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €7 500i = 4.5%n = 8
FV = €
3.Medium
years01234€5 000FV = ?

You invest €5 000 at 3% per year with continuous compounding. Find the value FV after 4 years.

PV = €5 000r = 3%t = 4
FV = €
4.Medium
periods0123411 + EAR = ?25% / 4

A credit card charges a nominal interest rate of 25% per year, compounded quarterly. Find the effective annual rate EAR in percent.

r = 25%m = 4
EAR = %
5.Hard
years0123…11€2 500€2 500€2 500FV = ?

You deposit €2 500 at the start of every year for 11 years, the first deposit today. The account pays 8% per year. How much is in the account at the end of year 11? Find FV.

A = €2 500i = 8%n = 11
FV = €
6.Hard
months0123…312€100€100€100FV = ?

You save €100 at the end of every month for 26 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1002.4% / 12N = 312
FV = €

Answer key

  1. 1. FV = 669.1 €
  2. 2. FV = 10666 €
  3. 3. FV = 5637 €
  4. 4. EAR = 27.44 %
  5. 5. FV = 44943 €
  6. 6. FV = 43261 €

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