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…11€5 000FV = ?

You deposit €5 000 in a savings account that pays 4.5% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €5 000i = 4.5%n = 11
FV = €
2.Easy
years0123…9€1 500FV = ?

You deposit €1 500 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 = €1 500i = 4%n = 9
FV = €
3.Medium
years0123…14€10 000FV = ?

You invest €10 000 at 2% per year with continuous compounding. Find the value FV after 14 years.

PV = €10 000r = 2%t = 14
FV = €
4.Medium
years01234€12 000FV = ?

You invest €12 000 at a nominal rate of 4.8% per year, compounded monthly. Find the value FV of the investment after 4 years.

PV = €12 0004.8% / 12n = 4
FV = €
5.Hard
months0123…48€15 000A?AAA

A loan of €15 000 is repaid with equal monthly payments over 4 years. The interest rate is 2.4% per year, compounded monthly. Find the monthly payment A.

P = €15 0002.4% / 12N = 48
A = €
6.Hard
months0123…228A?AA€25 000

You want €25 000 in 19 years. You save the same amount at the end of every month in an account paying 4.8% per year, compounded monthly. Find the monthly deposit A.

FV = €25 0004.8% / 12N = 228
A = €

Answer key

  1. 1. FV = 8114 €
  2. 2. FV = 2135 €
  3. 3. FV = 13231 €
  4. 4. FV = 14534 €
  5. 5. A = 328.1 €
  6. 6. A = 67.35 €

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