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
years01234567€10 000FV = ?

You deposit €10 000 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 7 years? Find the future value FV.

PV = €10 000i = 1.5%n = 7
FV = €
2.Easy
years0123€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 3 years? Find the future value FV.

PV = €1 000i = 4%n = 3
FV = €
3.Medium
years0123…13€10 000FV = ?

You invest €10 000 at 8% per year with continuous compounding. Find the value FV after 13 years.

PV = €10 000r = 8%t = 13
FV = €
4.Medium
years012345€2 000FV = ?

You invest €2 000 at 5% per year with continuous compounding. Find the value FV after 5 years.

PV = €2 000r = 5%t = 5
FV = €
5.Hard
months01…60…240€250 000AB = ?A4.8% / 12

A mortgage of €250 000 is repaid with equal monthly payments over 20 years at 4.8% per year, compounded monthly. How much is still owed just after the payment at the end of year 5? Find the outstanding balance B.

P = €250 0004.8% / 12N = 240k = 60
B = €
6.Hard
years0123…22€2 000€2 000€2 000FV = ?

You deposit €2 000 at the start of every year for 22 years, the first deposit today. The account pays 6% per year. How much is in the account at the end of year 22? Find FV.

A = €2 000i = 6%n = 22
FV = €

Answer key

  1. 1. FV = 11098 €
  2. 2. FV = 1125 €
  3. 3. FV = 28292 €
  4. 4. FV = 2568 €
  5. 5. B = 207889 €
  6. 6. FV = 91992 €

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