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 €2 000 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 = €2 000i = 3%n = 9

FV = €

2.Easy

You deposit €7 500 in a savings account that pays 4% interest per year, compounded annually. How much is in the account after 9 years? Find the future value FV.

PV = €7 500i = 4%n = 9

FV = €

3.Medium

You need €40 000 in 6 years. An account pays 2% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €40 0002% / 4n = 6

PV = €

4.Medium

You need €5 000 in 4 years. An account pays 3.6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €5 0003.6% / 12n = 4

PV = €

5.Hard

A mortgage of €200 000 is repaid with equal monthly payments over 30 years at 4.2% per year, compounded monthly. How much is still owed just after the payment at the end of year 7? Find the outstanding balance B.

P = €200 0004.2% / 12N = 360k = 84

B = €

6.Hard

A mortgage of €150 000 is repaid with equal monthly payments over 25 years at 4.2% per year, compounded monthly. How much is still owed just after the payment at the end of year 8? Find the outstanding balance B.

P = €150 0004.2% / 12N = 300k = 96

B = €

Answer key

1. FV = 2610 €
2. FV = 10675 €
3. PV = 35487 €
4. PV = 4330 €
5. B = 172904 €
6. B = 117730 €

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