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
years01234€2 000FV = ?

You deposit €2 000 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 4 years? Find the future value FV.

PV = €2 000i = 1.5%n = 4
FV = €
2.Easy
years0123…10€1 000FV = ?

You deposit €1 000 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €1 000i = 7%n = 10
FV = €
3.Medium
years0123456PV = ?€15 000

You need €15 000 in 6 years. An account pays 6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €15 0006% / 12n = 6
PV = €
4.Medium
periods0123…1211 + EAR = ?15% / 12

A credit card charges a nominal interest rate of 15% per year, compounded monthly. Find the effective annual rate EAR in percent.

r = 15%m = 12
EAR = %
5.Hard
months0123…36A?AA€30 000

You want €30 000 in 3 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 = €30 0006% / 12N = 36
A = €
6.Hard
months0123…300€150€150€150FV = ?

You save €150 at the end of every month for 25 years. The account pays 7.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1507.2% / 12N = 300
FV = €

Answer key

  1. 1. FV = 2123 €
  2. 2. FV = 1967 €
  3. 3. PV = 10475 €
  4. 4. EAR = 16.08 %
  5. 5. A = 762.7 €
  6. 6. FV = 125430 €

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