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€5 000FV = ?

You deposit €5 000 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €5 000i = 1.5%n = 10
FV = €
2.Easy
years0123…12€2 000FV = ?

You deposit €2 000 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 12 years? Find the future value FV.

PV = €2 000i = 1.5%n = 12
FV = €
3.Medium
years0123…17€2 000FV = ?

You invest €2 000 at 8% per year with continuous compounding. Find the value FV after 17 years.

PV = €2 000r = 8%t = 17
FV = €
4.Medium
years01234567€5 000FV = ?

You invest €5 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 7 years.

PV = €5 0006% / 12n = 7
FV = €
5.Hard
years0123…19€2 000€2 000€2 000FV = ?

You deposit €2 000 at the start of every year for 19 years, the first deposit today. The account pays 5% per year. How much is in the account at the end of year 19? Find FV.

A = €2 000i = 5%n = 19
FV = €
6.Hard
months0123…360€150 000A?AAA

A loan of €150 000 is repaid with equal monthly payments over 30 years. The interest rate is 3.6% per year, compounded monthly. Find the monthly payment A.

P = €150 0003.6% / 12N = 360
A = €

Answer key

  1. 1. FV = 5803 €
  2. 2. FV = 2391 €
  3. 3. FV = 7792 €
  4. 4. FV = 7602 €
  5. 5. FV = 64132 €
  6. 6. A = 682 €

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