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€10 000€12 920

An investment of €10 000 grows to €12 920 in 8 years with annual compounding. Find the annual interest rate i in percent.

PV = €10 000FV = €12 920n = 8
i = %
2.Easy
years0123…8€2 500FV = ?

You deposit €2 500 in a savings account that pays 2.5% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €2 500i = 2.5%n = 8
FV = €
3.Medium
years012345€12 000FV = ?

You invest €12 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 5 years.

PV = €12 0006% / 12n = 5
FV = €
4.Medium
years0123…11€2 000FV = ?

You invest €2 000 at 8% per year with continuous compounding. Find the value FV after 11 years.

PV = €2 000r = 8%t = 11
FV = €
5.Hard
months0123…144€100€100€100FV = ?

You save €100 at the end of every month for 12 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1002.4% / 12N = 144
FV = €
6.Hard
months0123…168A?AA€100 000

You want €100 000 in 14 years. You save the same amount at the end of every month in an account paying 4.2% per year, compounded monthly. Find the monthly deposit A.

FV = €100 0004.2% / 12N = 168
A = €

Answer key

  1. 1. i = 3.254 %
  2. 2. FV = 3046 €
  3. 3. FV = 16186 €
  4. 4. FV = 4822 €
  5. 5. FV = 16669 €
  6. 6. A = 438.3 €

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