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
years01234€1 500FV = ?

You deposit €1 500 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 4 years? Find the future value FV.

PV = €1 500i = 6%n = 4
FV = €
2.Easy
years0123…11€8 000€17 280

An investment of €8 000 grows to €17 280 in 11 years with annual compounding. Find the annual interest rate i in percent.

PV = €8 000FV = €17 280n = 11
i = %
3.Medium
periods0123…1211 + EAR = ?21% / 12

A credit card charges a nominal interest rate of 21% per year, compounded monthly. Find the effective annual rate EAR in percent.

r = 21%m = 12
EAR = %
4.Medium
years01234567PV = ?€2 000€2 000€2 000€2 000

An annuity pays €2 000 at the end of each year for 7 years. The interest rate is 5% per year. Find the present value PV of the annuity.

A = €2 000i = 5%n = 7
PV = €
5.Hard
months0123…36€15 000AAAA4.8% / 12, I = ?

A loan of €15 000 is repaid with equal monthly payments over 3 years at 4.8% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €15 0004.8% / 12N = 36
I = €
6.Hard
months0123…36€15 000A?AAA

A loan of €15 000 is repaid with equal monthly payments over 3 years. The interest rate is 3% per year, compounded monthly. Find the monthly payment A.

P = €15 0003% / 12N = 36
A = €

Answer key

  1. 1. FV = 1894 €
  2. 2. i = 7.252 %
  3. 3. EAR = 23.14 %
  4. 4. PV = 11573 €
  5. 5. I = 1136 €
  6. 6. A = 436.2 €

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