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€1 500FV = ?

You deposit €1 500 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 = €1 500i = 5%n = 10
FV = €
2.Easy
years01234567€7 500FV = ?

You deposit €7 500 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 7 years? Find the future value FV.

PV = €7 500i = 2%n = 7
FV = €
3.Medium
years01234567€8 000FV = ?

You invest €8 000 at a nominal rate of 3.6% per year, compounded quarterly. Find the value FV of the investment after 7 years.

PV = €8 0003.6% / 4n = 7
FV = €
4.Medium
years0123…9PV = ?€40 000

You need €40 000 in 9 years. An account pays 4.8% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €40 0004.8% / 4n = 9
PV = €
5.Hard
months0123…60€8 000A?AAA

A loan of €8 000 is repaid with equal monthly payments over 5 years. The interest rate is 3.6% per year, compounded monthly. Find the monthly payment A.

P = €8 0003.6% / 12N = 60
A = €
6.Hard
months0123…36€15 000AAAA3.6% / 12, I = ?

A loan of €15 000 is repaid with equal monthly payments over 3 years at 3.6% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €15 0003.6% / 12N = 36
I = €

Answer key

  1. 1. FV = 2443 €
  2. 2. FV = 8615 €
  3. 3. FV = 10281 €
  4. 4. PV = 26035 €
  5. 5. A = 145.9 €
  6. 6. I = 847 €

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