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€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 = €
2.Easy
years012345€1 000€1 220

An investment of €1 000 grows to €1 220 in 5 years with annual compounding. Find the annual interest rate i in percent.

PV = €1 000FV = €1 220n = 5
i = %
3.Medium
years0123€10 000FV = ?

You invest €10 000 at 8% per year with continuous compounding. Find the value FV after 3 years.

PV = €10 000r = 8%t = 3
FV = €
4.Medium
periods0123…36511 + EAR = ?20% / 365

A credit card charges a nominal interest rate of 20% per year, compounded daily. Find the effective annual rate EAR in percent.

r = 20%m = 365
EAR = %
5.Hard
months0123…132A?AA€30 000

You want €30 000 in 11 years. You save the same amount at the end of every month in an account paying 3% per year, compounded monthly. Find the monthly deposit A.

FV = €30 0003% / 12N = 132
A = €
6.Hard
months0123…300€200 000A?AAA

A loan of €200 000 is repaid with equal monthly payments over 25 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €200 0005.4% / 12N = 300
A = €

Answer key

  1. 1. FV = 3290 €
  2. 2. i = 4.057 %
  3. 3. FV = 12712 €
  4. 4. EAR = 22.13 %
  5. 5. A = 192.1 €
  6. 6. A = 1216 €

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