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€500FV = ?

You deposit €500 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €500i = 6%n = 10
FV = €
2.Easy
years01234567€500FV = ?

You deposit €500 in a savings account that pays 4.5% interest per year, compounded annually. How much is in the account after 7 years? Find the future value FV.

PV = €500i = 4.5%n = 7
FV = €
3.Medium
periods0123411 + EAR = ?18% / 4

A credit card charges a nominal interest rate of 18% per year, compounded quarterly. Find the effective annual rate EAR in percent.

r = 18%m = 4
EAR = %
4.Medium
years01234567PV = ?€50 000

You need €50 000 in 7 years. An account pays 3.6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €50 0003.6% / 12n = 7
PV = €
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 3% per year, compounded monthly. Find the monthly deposit A.

FV = €50 0003% / 12N = 228
A = €
6.Hard
years01234567€2 500€2 500€2 500FV = ?

You deposit €2 500 at the start of every year for 7 years, the first deposit today. The account pays 6% per year. How much is in the account at the end of year 7? Find FV.

A = €2 500i = 6%n = 7
FV = €

Answer key

  1. 1. FV = 895.4 €
  2. 2. FV = 680.4 €
  3. 3. EAR = 19.25 %
  4. 4. PV = 38877 €
  5. 5. A = 163 €
  6. 6. FV = 22244 €

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