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…9PV = ?€8 000

You will receive €8 000 in 9 years. The interest rate is 4% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €8 000i = 4%n = 9
PV = €
2.Easy
years0123456€500FV = ?

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

PV = €500i = 2%n = 6
FV = €
3.Medium
years0123…11€10 000FV = ?

You invest €10 000 at 2% per year with continuous compounding. Find the value FV after 11 years.

PV = €10 000r = 2%t = 11
FV = €
4.Medium
periods01211 + EAR = ?24% / 2

A credit card charges a nominal interest rate of 24% per year, compounded semi-annually. Find the effective annual rate EAR in percent.

r = 24%m = 2
EAR = %
5.Hard
months0123…288€100€100€100FV = ?

You save €100 at the end of every month for 24 years. The account pays 4.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1004.2% / 12N = 288
FV = €
6.Hard
months0123…84€250€250€250FV = ?

You save €250 at the end of every month for 7 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2502.4% / 12N = 84
FV = €

Answer key

  1. 1. PV = 5621 €
  2. 2. FV = 563.1 €
  3. 3. FV = 12461 €
  4. 4. EAR = 25.44 %
  5. 5. FV = 49580 €
  6. 6. FV = 22842 €

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