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
years0123456PV = ?€2 000

You will receive €2 000 in 6 years. The interest rate is 4.5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €2 000i = 4.5%n = 6
PV = €
2.Easy
years01234567€2 500FV = ?

You deposit €2 500 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 = €2 500i = 4%n = 7
FV = €
3.Medium
years0123…8PV = ?€1 000€1 000€1 000€1 000

An annuity pays €1 000 at the end of each year for 8 years. The interest rate is 3% per year. Find the present value PV of the annuity.

A = €1 000i = 3%n = 8
PV = €
4.Medium
years01234567PV = ?€10 000

You need €10 000 in 7 years. An account pays 4% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €10 0004% / 12n = 7
PV = €
5.Hard
years0123…26€1 000€1 000€1 000FV = ?

You deposit €1 000 at the start of every year for 26 years, the first deposit today. The account pays 3% per year. How much is in the account at the end of year 26? Find FV.

A = €1 000i = 3%n = 26
FV = €
6.Hard
months0123…84€50€50€50FV = ?

You save €50 at the end of every month for 7 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €502.4% / 12N = 84
FV = €

Answer key

  1. 1. PV = 1536 €
  2. 2. FV = 3290 €
  3. 3. PV = 7020 €
  4. 4. PV = 7561 €
  5. 5. FV = 39710 €
  6. 6. FV = 4568 €

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