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…10€8 000€11 840

An investment of €8 000 grows to €11 840 in 10 years with annual compounding. Find the annual interest rate i in percent.

PV = €8 000FV = €11 840n = 10
i = %
2.Easy
years0123…11€1 500FV = ?

You deposit €1 500 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €1 500i = 1.5%n = 11
FV = €
3.Medium
years0123…19PV = ?€1 500€1 500€1 500€1 500

An annuity pays €1 500 at the end of each year for 19 years. The interest rate is 8% per year. Find the present value PV of the annuity.

A = €1 500i = 8%n = 19
PV = €
4.Medium
years0123…10PV = ?€50 000

You need €50 000 in 10 years. An account pays 4.8% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €50 0004.8% / 12n = 10
PV = €
5.Hard
months0123…276€500€500€500FV = ?

You save €500 at the end of every month for 23 years. The account pays 3% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €5003% / 12N = 276
FV = €
6.Hard
months0123…60€15 000A?AAA

A loan of €15 000 is repaid with equal monthly payments over 5 years. The interest rate is 7.2% per year, compounded monthly. Find the monthly payment A.

P = €15 0007.2% / 12N = 60
A = €

Answer key

  1. 1. i = 3.998 %
  2. 2. FV = 1767 €
  3. 3. PV = 14405 €
  4. 4. PV = 30969 €
  5. 5. FV = 198400 €
  6. 6. A = 298.4 €

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