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…12€500FV = ?

You deposit €500 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 12 years? Find the future value FV.

PV = €500i = 3.5%n = 12
FV = €
2.Easy
years012345€4 000FV = ?

You deposit €4 000 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 5 years? Find the future value FV.

PV = €4 000i = 6%n = 5
FV = €
3.Medium
periods0123…1211 + EAR = ?19.5% / 12

A credit card charges a nominal interest rate of 19.5% per year, compounded monthly. Find the effective annual rate EAR in percent.

r = 19.5%m = 12
EAR = %
4.Medium
years0123…9€2 000FV = ?

You invest €2 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 9 years.

PV = €2 0006% / 12n = 9
FV = €
5.Hard
months0123…168€250€250€250FV = ?

You save €250 at the end of every month for 14 years. The account pays 5.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2505.4% / 12N = 168
FV = €
6.Hard
months0123…72€25 000A?AAA

A loan of €25 000 is repaid with equal monthly payments over 6 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €25 0005.4% / 12N = 72
A = €

Answer key

  1. 1. FV = 755.5 €
  2. 2. FV = 5353 €
  3. 3. EAR = 21.34 %
  4. 4. FV = 3427 €
  5. 5. FV = 62563 €
  6. 6. A = 407.3 €

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