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…10€10 000FV = ?

You deposit €10 000 in a savings account that pays 5% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €10 000i = 5%n = 10
FV = €
2.Easy
years0123…9€1 000FV = ?

You deposit €1 000 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 9 years? Find the future value FV.

PV = €1 000i = 1.5%n = 9
FV = €
3.Medium
years0123…8€3 000FV = ?

You invest €3 000 at a nominal rate of 3.6% per year, compounded monthly. Find the value FV of the investment after 8 years.

PV = €3 0003.6% / 12n = 8
FV = €
4.Medium
years0123…8€2 000FV = ?

You invest €2 000 at a nominal rate of 2% per year, compounded quarterly. Find the value FV of the investment after 8 years.

PV = €2 0002% / 4n = 8
FV = €
5.Hard
months0123…36€25 000A?AAA

A loan of €25 000 is repaid with equal monthly payments over 3 years. The interest rate is 6% per year, compounded monthly. Find the monthly payment A.

P = €25 0006% / 12N = 36
A = €
6.Hard
months0123…108A?AA€100 000

You want €100 000 in 9 years. You save the same amount at the end of every month in an account paying 6% per year, compounded monthly. Find the monthly deposit A.

FV = €100 0006% / 12N = 108
A = €

Answer key

  1. 1. FV = 16289 €
  2. 2. FV = 1143 €
  3. 3. FV = 4000 €
  4. 4. FV = 2346 €
  5. 5. A = 760.5 €
  6. 6. A = 700.6 €

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