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 €1 000 in a savings account that pays 4% interest per year, compounded annually. How much is in the account after 7 years? Find the future value FV.

PV = €1 000i = 4%n = 7

FV = €

2.Easy

A foundation wants to pay a prize of €5 000 at the end of every year, forever. The fund earns 8% interest per year. How much must be invested today? Find PV.

A = €5 000i = 8%

PV = €

3.Medium

You invest €3 000 at a nominal rate of 3.6% per year, compounded quarterly. Find the value FV of the investment after 3 years.

PV = €3 0003.6% / 4n = 3

FV = €

4.Medium

You invest €20 000 at a nominal rate of 3.6% per year, compounded quarterly. Find the value FV of the investment after 4 years.

PV = €20 0003.6% / 4n = 4

FV = €

5.Hard

A loan of €30 000 is repaid with equal monthly payments over 7 years at 3.6% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €30 0003.6% / 12N = 84

I = €

6.Hard

You want €25 000 in 12 years. You save the same amount at the end of every month in an account paying 6% per year, compounded monthly. Find the monthly deposit A.

FV = €25 0006% / 12N = 144

A = €

Answer key

1. FV = 1316 €
2. PV = 62500 €
3. FV = 3341 €
4. FV = 23083 €
5. I = 3983 €
6. A = 119 €

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