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

An investment of €5 000 grows to €8 540 in 10 years with annual compounding. Find the annual interest rate i in percent.

PV = €5 000FV = €8 540n = 10

i = %

2.Easy

You will receive €15 000 in 12 years. The interest rate is 2% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €15 000i = 2%n = 12

PV = €

3.Medium

You need €50 000 in 4 years. An account pays 4% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €50 0004% / 4n = 4

PV = €

4.Medium

You need €25 000 in 9 years. An account pays 4.8% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €25 0004.8% / 12n = 9

PV = €

5.Hard

You deposit €3 000 at the start of every year for 21 years, the first deposit today. The account pays 4% per year. How much is in the account at the end of year 21? Find FV.

A = €3 000i = 4%n = 21

FV = €

6.Hard

You save €250 at the end of every month for 18 years. The account pays 3% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2503% / 12N = 216

FV = €

Answer key

1. i = 5.499 %
2. PV = 11827 €
3. PV = 42641 €
4. PV = 16244 €
5. FV = 99744 €
6. FV = 71485 €

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