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
years01234567€5 000FV = ?

You deposit €5 000 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 7 years? Find the future value FV.

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

You deposit €5 000 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 = €5 000i = 3.5%n = 8
FV = €
3.Medium
periods01211 + EAR = ?21% / 2

A credit card charges a nominal interest rate of 21% per year, compounded semi-annually. Find the effective annual rate EAR in percent.

r = 21%m = 2
EAR = %
4.Medium
years0123…8PV = ?€20 000

You need €20 000 in 8 years. An account pays 4% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €20 0004% / 4n = 8
PV = €
5.Hard
months0123…96A?AA€50 000

You want €50 000 in 8 years. You save the same amount at the end of every month in an account paying 4.8% per year, compounded monthly. Find the monthly deposit A.

FV = €50 0004.8% / 12N = 96
A = €
6.Hard
months0123…60€12 000A?AAA

A loan of €12 000 is repaid with equal monthly payments over 5 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €12 0005.4% / 12N = 60
A = €

Answer key

  1. 1. FV = 8029 €
  2. 2. FV = 6584 €
  3. 3. EAR = 22.1 %
  4. 4. PV = 14546 €
  5. 5. A = 428.2 €
  6. 6. A = 228.7 €

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