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
years01234567PV = ?€25 000

You will receive €25 000 in 7 years. The interest rate is 4% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €25 000i = 4%n = 7
PV = €
2.Easy
years012345€2 000FV = ?

You deposit €2 000 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 5 years? Find the future value FV.

PV = €2 000i = 7%n = 5
FV = €
3.Medium
periods01211 + EAR = ?16% / 2

A credit card charges a nominal interest rate of 16% per year, compounded semi-annually. Find the effective annual rate EAR in percent.

r = 16%m = 2
EAR = %
4.Medium
years01234567PV = ?€20 000

You need €20 000 in 7 years. An account pays 4.8% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €20 0004.8% / 12n = 7
PV = €
5.Hard
months0123…300€250 000A?AAA

A loan of €250 000 is repaid with equal monthly payments over 25 years. The interest rate is 7.2% per year, compounded monthly. Find the monthly payment A.

P = €250 0007.2% / 12N = 300
A = €
6.Hard
months0123…48€25 000A?AAA

A loan of €25 000 is repaid with equal monthly payments over 4 years. The interest rate is 4.2% per year, compounded monthly. Find the monthly payment A.

P = €25 0004.2% / 12N = 48
A = €

Answer key

  1. 1. PV = 18998 €
  2. 2. FV = 2805 €
  3. 3. EAR = 16.64 %
  4. 4. PV = 14302 €
  5. 5. A = 1799 €
  6. 6. A = 566.7 €

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