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

You deposit €2 500 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €2 500i = 3.5%n = 3

FV = €

2.Easy

You deposit €2 500 in a savings account that pays 3% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €2 500i = 3%n = 3

FV = €

3.Medium

An annuity pays €500 at the end of each year for 16 years. The interest rate is 3% per year. Find the present value PV of the annuity.

A = €500i = 3%n = 16

PV = €

4.Medium

An annuity pays €5 000 at the end of each year for 19 years. The interest rate is 3% per year. Find the present value PV of the annuity.

A = €5 000i = 3%n = 19

PV = €

5.Hard

You want €25 000 in 18 years. You save the same amount at the end of every month in an account paying 7.2% per year, compounded monthly. Find the monthly deposit A.

FV = €25 0007.2% / 12N = 216

A = €

6.Hard

You borrow €5 000 at 4.2% per year, compounded monthly, and repay €100 at the end of every month. How many months does it take until the loan is repaid (the last payment may be smaller)? Give the number of payments N.

P = €5 000A = €1004.2% / 12

N = payments

Answer key

1. FV = 2772 €
2. FV = 2732 €
3. PV = 6281 €
4. PV = 71619 €
5. A = 56.81 €
6. N = 56 payments

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