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
years0123…8€8 000€15 360

An investment of €8 000 grows to €15 360 in 8 years with annual compounding. Find the annual interest rate i in percent.

PV = €8 000FV = €15 360n = 8
i = %
2.Easy
years0123…9PV = ?€10 000€10 000€10 000…

A foundation wants to pay a prize of €10 000 at the end of every year, forever. The fund earns 8% interest per year. How much must be invested today? Find PV.

A = €10 000i = 8%
PV = €
3.Medium
years01234€20 000FV = ?

You invest €20 000 at a nominal rate of 5% per year, compounded quarterly. Find the value FV of the investment after 4 years.

PV = €20 0005% / 4n = 4
FV = €
4.Medium
years0123…8PV = ?€5 000

You need €5 000 in 8 years. An account pays 3% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €5 0003% / 4n = 8
PV = €
5.Hard
months0123…348€50€50€50FV = ?

You save €50 at the end of every month for 29 years. The account pays 6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €506% / 12N = 348
FV = €
6.Hard
months0123…36A?AA€25 000

You want €25 000 in 3 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 = 36
A = €

Answer key

  1. 1. i = 8.496 %
  2. 2. PV = 125000 €
  3. 3. FV = 24398 €
  4. 4. PV = 3937 €
  5. 5. FV = 46727 €
  6. 6. A = 624.2 €

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