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

You deposit €1 000 in a savings account that pays 3% interest per year, compounded annually. How much is in the account after 9 years? Find the future value FV.

PV = €1 000i = 3%n = 9

FV = €

2.Easy

You deposit €5 000 in a savings account that pays 5% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €5 000i = 5%n = 3

FV = €

3.Medium

You need €10 000 in 4 years. An account pays 5% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €10 0005% / 4n = 4

PV = €

4.Medium

An annuity pays €500 at the end of each year for 19 years. The interest rate is 10% per year. Find the present value PV of the annuity.

A = €500i = 10%n = 19

PV = €

5.Hard

A loan of €15 000 is repaid with equal monthly payments over 5 years at 2.4% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €15 0002.4% / 12N = 60

I = €

6.Hard

A mortgage of €200 000 is repaid with equal monthly payments over 25 years at 3% per year, compounded monthly. How much is still owed just after the payment at the end of year 3? Find the outstanding balance B.

P = €200 0003% / 12N = 300k = 36

B = €

Answer key

1. FV = 1305 €
2. FV = 5788 €
3. PV = 8197 €
4. PV = 4182 €
5. I = 933 €
6. B = 183130 €

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