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…8€10 000FV = ?

You deposit €10 000 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €10 000i = 7%n = 8
FV = €
2.Easy
years0123…8PV = ?€20 000

You will receive €20 000 in 8 years. The interest rate is 5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €20 000i = 5%n = 8
PV = €
3.Medium
years012PV = ?€25 000

You need €25 000 in 2 years. An account pays 3% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €25 0003% / 12n = 2
PV = €
4.Medium
years0123…19€2 000FV = ?

You invest €2 000 at 6% per year with continuous compounding. Find the value FV after 19 years.

PV = €2 000r = 6%t = 19
FV = €
5.Hard
months0123…204€200€200€200FV = ?

You save €200 at the end of every month for 17 years. The account pays 4.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2004.2% / 12N = 204
FV = €
6.Hard
months0123…72€25 000A?AAA

A loan of €25 000 is repaid with equal monthly payments over 6 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €25 0005.4% / 12N = 72
A = €

Answer key

  1. 1. FV = 17182 €
  2. 2. PV = 13537 €
  3. 3. PV = 23546 €
  4. 4. FV = 6254 €
  5. 5. FV = 59406 €
  6. 6. A = 407.3 €

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