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€10 000FV = ?

You deposit €10 000 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 = €10 000i = 4.5%n = 11
FV = €
2.Easy
years012345PV = ?€5 000

You will receive €5 000 in 5 years. The interest rate is 7% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €5 000i = 7%n = 5
PV = €
3.Medium
years0123456PV = ?€15 000

You need €15 000 in 6 years. An account pays 2% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €15 0002% / 4n = 6
PV = €
4.Medium
years0123…19€20 000FV = ?

You invest €20 000 at 7% per year with continuous compounding. Find the value FV after 19 years.

PV = €20 000r = 7%t = 19
FV = €
5.Hard
months0123…228A?AA€50 000

You want €50 000 in 19 years. You save the same amount at the end of every month in an account paying 7.2% per year, compounded monthly. Find the monthly deposit A.

FV = €50 0007.2% / 12N = 228
A = €
6.Hard
months0123…120€300€300€300FV = ?

You save €300 at the end of every month for 10 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3003.6% / 12N = 120
FV = €

Answer key

  1. 1. FV = 16229 €
  2. 2. PV = 3565 €
  3. 3. PV = 13308 €
  4. 4. FV = 75621 €
  5. 5. A = 103 €
  6. 6. FV = 43256 €

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