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
years01234567€1 000FV = ?

You deposit €1 000 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 7 years? Find the future value FV.

PV = €1 000i = 2%n = 7
FV = €
2.Easy
years0123…11€10 000FV = ?

You deposit €10 000 in a savings account that pays 3% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €10 000i = 3%n = 11
FV = €
3.Medium
years0123€8 000FV = ?

You invest €8 000 at a nominal rate of 4.8% per year, compounded quarterly. Find the value FV of the investment after 3 years.

PV = €8 0004.8% / 4n = 3
FV = €
4.Medium
years012PV = ?€50 000

You need €50 000 in 2 years. An account pays 3% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €50 0003% / 12n = 2
PV = €
5.Hard
months0123…300€150 000A?AAA

A loan of €150 000 is repaid with equal monthly payments over 25 years. The interest rate is 4.2% per year, compounded monthly. Find the monthly payment A.

P = €150 0004.2% / 12N = 300
A = €
6.Hard
months0123…48€15 000AAAA3.6% / 12, I = ?

A loan of €15 000 is repaid with equal monthly payments over 4 years at 3.6% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €15 0003.6% / 12N = 48
I = €

Answer key

  1. 1. FV = 1149 €
  2. 2. FV = 13842 €
  3. 3. FV = 9231 €
  4. 4. PV = 47092 €
  5. 5. A = 808.4 €
  6. 6. I = 1128 €

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