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
years012345PV = ?€10 000

You will receive €10 000 in 5 years. The interest rate is 5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €10 000i = 5%n = 5
PV = €
2.Easy
years0123…8€1 000€1 190

An investment of €1 000 grows to €1 190 in 8 years with annual compounding. Find the annual interest rate i in percent.

PV = €1 000FV = €1 190n = 8
i = %
3.Medium
years012€3 000FV = ?

You invest €3 000 at a nominal rate of 2% per year, compounded monthly. Find the value FV of the investment after 2 years.

PV = €3 0002% / 12n = 2
FV = €
4.Medium
years01234567PV = ?€40 000

You need €40 000 in 7 years. An account pays 6% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €40 0006% / 4n = 7
PV = €
5.Hard
years0123…10€2 000€2 000€2 000FV = ?

You deposit €2 000 at the start of every year for 10 years, the first deposit today. The account pays 8% per year. How much is in the account at the end of year 10? Find FV.

A = €2 000i = 8%n = 10
FV = €
6.Hard
months0123…60€500€500€500FV = ?

You save €500 at the end of every month for 5 years. The account pays 7.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €5007.2% / 12N = 60
FV = €

Answer key

  1. 1. PV = 7835 €
  2. 2. i = 2.198 %
  3. 3. FV = 3122 €
  4. 4. PV = 26364 €
  5. 5. FV = 31291 €
  6. 6. FV = 35982 €

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