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…11€4 000FV = ?

You deposit €4 000 in a savings account that pays 4.5% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €4 000i = 4.5%n = 11
FV = €
2.Easy
years0123…9PV = ?€10 000€10 000€10 000…

A foundation wants to pay a prize of €10 000 at the end of every year, forever. The fund earns 4% interest per year. How much must be invested today? Find PV.

A = €10 000i = 4%
PV = €
3.Medium
years012345€2 000FV = ?

You invest €2 000 at 5% per year with continuous compounding. Find the value FV after 5 years.

PV = €2 000r = 5%t = 5
FV = €
4.Medium
years0123456€1 000FV = ?

You invest €1 000 at a nominal rate of 3% per year, compounded quarterly. Find the value FV of the investment after 6 years.

PV = €1 0003% / 4n = 6
FV = €
5.Hard
months0123…84A?AA€50 000

You want €50 000 in 7 years. You save the same amount at the end of every month in an account paying 5.4% per year, compounded monthly. Find the monthly deposit A.

FV = €50 0005.4% / 12N = 84
A = €
6.Hard
months0123…48€12 000A?AAA

A loan of €12 000 is repaid with equal monthly payments over 4 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €12 0005.4% / 12N = 48
A = €

Answer key

  1. 1. FV = 6491 €
  2. 2. PV = 250000 €
  3. 3. FV = 2568 €
  4. 4. FV = 1196 €
  5. 5. A = 491.1 €
  6. 6. A = 278.5 €

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