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€2 000FV = ?

You deposit €2 000 in a savings account that pays 3% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €2 000i = 3%n = 8
FV = €
2.Easy
years0123…10€7 500FV = ?

You deposit €7 500 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €7 500i = 1.5%n = 10
FV = €
3.Medium
years0123…16€2 000FV = ?

You invest €2 000 at 4% per year with continuous compounding. Find the value FV after 16 years.

PV = €2 000r = 4%t = 16
FV = €
4.Medium
years012345PV = ?€10 000

You need €10 000 in 5 years. An account pays 4.8% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €10 0004.8% / 12n = 5
PV = €
5.Hard
months01…204…360€150 000AB = ?A4.2% / 12

A mortgage of €150 000 is repaid with equal monthly payments over 30 years at 4.2% per year, compounded monthly. How much is still owed just after the payment at the end of year 17? Find the outstanding balance B.

P = €150 0004.2% / 12N = 360k = 204
B = €
6.Hard
months0123…72€20 000A?AAA

A loan of €20 000 is repaid with equal monthly payments over 6 years. The interest rate is 3% per year, compounded monthly. Find the monthly payment A.

P = €20 0003% / 12N = 72
A = €

Answer key

  1. 1. FV = 2534 €
  2. 2. FV = 8704 €
  3. 3. FV = 3793 €
  4. 4. PV = 7870 €
  5. 5. B = 88062 €
  6. 6. A = 303.9 €

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