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
years0123456€1 500FV = ?

You deposit €1 500 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 = €1 500i = 2%n = 6
FV = €
2.Easy
years0123…11€5 000FV = ?

You deposit €5 000 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 = €5 000i = 2%n = 11
FV = €
3.Medium
years0123…8PV = ?€2 000€2 000€2 000€2 000

An annuity pays €2 000 at the end of each year for 8 years. The interest rate is 10% per year. Find the present value PV of the annuity.

A = €2 000i = 10%n = 8
PV = €
4.Medium
years012345PV = ?€10 000

You need €10 000 in 5 years. An account pays 4% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €10 0004% / 12n = 5
PV = €
5.Hard
months0123…336€50€50€50FV = ?

You save €50 at the end of every month for 28 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €502.4% / 12N = 336
FV = €
6.Hard
months0123…96€300€300€300FV = ?

You save €300 at the end of every month for 8 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3003.6% / 12N = 96
FV = €

Answer key

  1. 1. FV = 1689 €
  2. 2. FV = 6217 €
  3. 3. PV = 10670 €
  4. 4. PV = 8190 €
  5. 5. FV = 23921 €
  6. 6. FV = 33318 €

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