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€5 000€6 340

An investment of €5 000 grows to €6 340 in 3 years with annual compounding. Find the annual interest rate i in percent.

PV = €5 000FV = €6 340n = 3
i = %
2.Easy
years0123…8€7 500FV = ?

You deposit €7 500 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €7 500i = 3.5%n = 8
FV = €
3.Medium
years0123…8€20 000FV = ?

You invest €20 000 at a nominal rate of 4.8% per year, compounded quarterly. Find the value FV of the investment after 8 years.

PV = €20 0004.8% / 4n = 8
FV = €
4.Medium
years0123…9PV = ?€20 000

You need €20 000 in 9 years. An account pays 3.6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €20 0003.6% / 12n = 9
PV = €
5.Hard
months0123…84€50€50€50FV = ?

You save €50 at the end of every month for 7 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €503.6% / 12N = 84
FV = €
6.Hard
months0123…48€15 000A?AAA

A loan of €15 000 is repaid with equal monthly payments over 4 years. The interest rate is 6% per year, compounded monthly. Find the monthly payment A.

P = €15 0006% / 12N = 48
A = €

Answer key

  1. 1. i = 8.236 %
  2. 2. FV = 9876 €
  3. 3. FV = 29296 €
  4. 4. PV = 14472 €
  5. 5. FV = 4769 €
  6. 6. A = 352.3 €

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