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

An investment of €1 000 grows to €1 310 in 12 years with annual compounding. Find the annual interest rate i in percent.

PV = €1 000FV = €1 310n = 12

i = %

2.Easy

You deposit €500 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 2 years? Find the future value FV.

PV = €500i = 2%n = 2

FV = €

3.Medium

You invest €10 000 at 2% per year with continuous compounding. Find the value FV after 4 years.

PV = €10 000r = 2%t = 4

FV = €

4.Medium

You invest €20 000 at 5% per year with continuous compounding. Find the value FV after 9 years.

PV = €20 000r = 5%t = 9

FV = €

5.Hard

A loan of €12 000 is repaid with equal monthly payments over 4 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €12 0005.4% / 12N = 48

A = €

6.Hard

You want €50 000 in 19 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 = 228

A = €

Answer key

1. i = 2.276 %
2. FV = 520.2 €
3. FV = 10833 €
4. FV = 31366 €
5. A = 278.5 €
6. A = 134.7 €

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