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€5 000€5 470

An investment of €5 000 grows to €5 470 in 4 years with annual compounding. Find the annual interest rate i in percent.

PV = €5 000FV = €5 470n = 4
i = %
2.Easy
years0123…8€1 000€1 590

An investment of €1 000 grows to €1 590 in 8 years with annual compounding. Find the annual interest rate i in percent.

PV = €1 000FV = €1 590n = 8
i = %
3.Medium
years012€5 000FV = ?

You invest €5 000 at a nominal rate of 3% per year, compounded monthly. Find the value FV of the investment after 2 years.

PV = €5 0003% / 12n = 2
FV = €
4.Medium
years01234567€3 000FV = ?

You invest €3 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 7 years.

PV = €3 0006% / 12n = 7
FV = €
5.Hard
months0123…276€250€250€250FV = ?

You save €250 at the end of every month for 23 years. The account pays 5.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2505.4% / 12N = 276
FV = €
6.Hard
months0123…36€25 000AAAA2.4% / 12, I = ?

A loan of €25 000 is repaid with equal monthly payments over 3 years at 2.4% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €25 0002.4% / 12N = 36
I = €

Answer key

  1. 1. i = 2.271 %
  2. 2. i = 5.968 %
  3. 3. FV = 5309 €
  4. 4. FV = 4561 €
  5. 5. FV = 136272 €
  6. 6. I = 935.8 €

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