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€500FV = ?

You deposit €500 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €500i = 7%n = 10
FV = €
2.Easy
years012n = ?€10 000€25 000

You deposit €10 000 at 6% interest per year, compounded annually (interest is added at the end of each year). After how many whole years n does the balance first reach at least €25 000?

PV = €10 000FV = €25 000i = 6%
n = years
3.Medium
years0123…13PV = ?€3 000€3 000€3 000€3 000

An annuity pays €3 000 at the end of each year for 13 years. The interest rate is 10% per year. Find the present value PV of the annuity.

A = €3 000i = 10%n = 13
PV = €
4.Medium
years01234567€8 000FV = ?

You invest €8 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 7 years.

PV = €8 0006% / 12n = 7
FV = €
5.Hard
months0123…84€500€500€500FV = ?

You save €500 at the end of every month for 7 years. The account pays 4.8% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €5004.8% / 12N = 84
FV = €
6.Hard
months0123…132€500€500€500FV = ?

You save €500 at the end of every month for 11 years. The account pays 3% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €5003% / 12N = 132
FV = €

Answer key

  1. 1. FV = 983.6 €
  2. 2. n = 16 years
  3. 3. PV = 21310 €
  4. 4. FV = 12163 €
  5. 5. FV = 49800 €
  6. 6. FV = 78079 €

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