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€1 000FV = ?

You deposit €1 000 in a savings account that pays 4% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €1 000i = 4%n = 10
FV = €
2.Easy
years0123…9PV = ?€1 000€1 000€1 000…

A foundation wants to pay a prize of €1 000 at the end of every year, forever. The fund earns 8% interest per year. How much must be invested today? Find PV.

A = €1 000i = 8%
PV = €
3.Medium
years0123…8€3 000FV = ?

You invest €3 000 at a nominal rate of 4% per year, compounded quarterly. Find the value FV of the investment after 8 years.

PV = €3 0004% / 4n = 8
FV = €
4.Medium
years01234567€2 000FV = ?

You invest €2 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 7 years.

PV = €2 0006% / 12n = 7
FV = €
5.Hard
months0123…72€8 000A?AAA

A loan of €8 000 is repaid with equal monthly payments over 6 years. The interest rate is 4.2% per year, compounded monthly. Find the monthly payment A.

P = €8 0004.2% / 12N = 72
A = €
6.Hard
years0123…15€5 000€5 000€5 000FV = ?

You deposit €5 000 at the start of every year for 15 years, the first deposit today. The account pays 7% per year. How much is in the account at the end of year 15? Find FV.

A = €5 000i = 7%n = 15
FV = €

Answer key

  1. 1. FV = 1480 €
  2. 2. PV = 12500 €
  3. 3. FV = 4125 €
  4. 4. FV = 3041 €
  5. 5. A = 125.9 €
  6. 6. FV = 134440 €

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