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…9€1 000€1 840

An investment of €1 000 grows to €1 840 in 9 years with annual compounding. Find the annual interest rate i in percent.

PV = €1 000FV = €1 840n = 9
i = %
2.Easy
years0123…9€1 500FV = ?

You deposit €1 500 in a savings account that pays 5% interest per year, compounded annually. How much is in the account after 9 years? Find the future value FV.

PV = €1 500i = 5%n = 9
FV = €
3.Medium
years01234567PV = ?€5 000

You need €5 000 in 7 years. An account pays 6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €5 0006% / 12n = 7
PV = €
4.Medium
years0123…9€2 000FV = ?

You invest €2 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 9 years.

PV = €2 0006% / 12n = 9
FV = €
5.Hard
months0123…168A?AA€75 000

You want €75 000 in 14 years. You save the same amount at the end of every month in an account paying 7.2% per year, compounded monthly. Find the monthly deposit A.

FV = €75 0007.2% / 12N = 168
A = €
6.Hard
months0123…72€15 000A?AAA

A loan of €15 000 is repaid with equal monthly payments over 6 years. The interest rate is 4.2% per year, compounded monthly. Find the monthly payment A.

P = €15 0004.2% / 12N = 72
A = €

Answer key

  1. 1. i = 7.01 %
  2. 2. FV = 2327 €
  3. 3. PV = 3289 €
  4. 4. FV = 3427 €
  5. 5. A = 259.8 €
  6. 6. A = 236 €

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