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…13PV = ?€25 000

You will receive €25 000 in 13 years. The interest rate is 4% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €25 000i = 4%n = 13
PV = €
2.Easy
years0123…11€500FV = ?

You deposit €500 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €500i = 2%n = 11
FV = €
3.Medium
years0123€1 000FV = ?

You invest €1 000 at a nominal rate of 3.6% per year, compounded monthly. Find the value FV of the investment after 3 years.

PV = €1 0003.6% / 12n = 3
FV = €
4.Medium
years01234567€5 000FV = ?

You invest €5 000 at 7% per year with continuous compounding. Find the value FV after 7 years.

PV = €5 000r = 7%t = 7
FV = €
5.Hard
months0123…60A?AA€75 000

You want €75 000 in 5 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 = €75 0007.2% / 12N = 60
A = €
6.Hard
months0123…72€25 000AAAA6% / 12, I = ?

A loan of €25 000 is repaid with equal monthly payments over 6 years at 6% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €25 0006% / 12N = 72
I = €

Answer key

  1. 1. PV = 15014 €
  2. 2. FV = 621.7 €
  3. 3. FV = 1114 €
  4. 4. FV = 8162 €
  5. 5. A = 1042 €
  6. 6. I = 4831 €

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