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
years012345PV = ?€20 000

You will receive €20 000 in 5 years. The interest rate is 7% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €20 000i = 7%n = 5
PV = €
2.Easy
years0123…12€4 000€6 590

An investment of €4 000 grows to €6 590 in 12 years with annual compounding. Find the annual interest rate i in percent.

PV = €4 000FV = €6 590n = 12
i = %
3.Medium
years01234€1 000FV = ?

You invest €1 000 at 8% per year with continuous compounding. Find the value FV after 4 years.

PV = €1 000r = 8%t = 4
FV = €
4.Medium
years0123PV = ?€25 000

You need €25 000 in 3 years. An account pays 3% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €25 0003% / 4n = 3
PV = €
5.Hard
months0123…156€250€250€250FV = ?

You save €250 at the end of every month for 13 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2503.6% / 12N = 156
FV = €
6.Hard
years0123…26€1 000€1 000€1 000FV = ?

You deposit €1 000 at the start of every year for 26 years, the first deposit today. The account pays 6% per year. How much is in the account at the end of year 26? Find FV.

A = €1 000i = 6%n = 26
FV = €

Answer key

  1. 1. PV = 14260 €
  2. 2. i = 4.248 %
  3. 3. FV = 1377 €
  4. 4. PV = 22856 €
  5. 5. FV = 49640 €
  6. 6. FV = 62706 €

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