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 500FV = ?

You deposit €2 500 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €2 500i = 3.5%n = 8
FV = €
2.Easy
years0123…9PV = ?€12 000€12 000€12 000…

A foundation wants to pay a prize of €12 000 at the end of every year, forever. The fund earns 4% interest per year. How much must be invested today? Find PV.

A = €12 000i = 4%
PV = €
3.Medium
periods0123…36511 + EAR = ?16% / 365

A credit card charges a nominal interest rate of 16% per year, compounded daily. Find the effective annual rate EAR in percent.

r = 16%m = 365
EAR = %
4.Medium
years0123…10PV = ?€50 000

You need €50 000 in 10 years. An account pays 3% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €50 0003% / 12n = 10
PV = €
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 3% per year, compounded monthly. Find the monthly payment A.

P = €8 0003% / 12N = 72
A = €
6.Hard
months0123…300€250€250€250FV = ?

You save €250 at the end of every month for 25 years. The account pays 3% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2503% / 12N = 300
FV = €

Answer key

  1. 1. FV = 3292 €
  2. 2. PV = 300000 €
  3. 3. EAR = 17.35 %
  4. 4. PV = 37055 €
  5. 5. A = 121.5 €
  6. 6. FV = 111502 €

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