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…12€2 000€2 940

An investment of €2 000 grows to €2 940 in 12 years with annual compounding. Find the annual interest rate i in percent.

PV = €2 000FV = €2 940n = 12
i = %
2.Easy
years0123456€5 000FV = ?

You deposit €5 000 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 6 years? Find the future value FV.

PV = €5 000i = 7%n = 6
FV = €
3.Medium
years01234567€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 7 years.

PV = €8 0004.8% / 4n = 7
FV = €
4.Medium
years0123456€8 000FV = ?

You invest €8 000 at a nominal rate of 2% per year, compounded quarterly. Find the value FV of the investment after 6 years.

PV = €8 0002% / 4n = 6
FV = €
5.Hard
months0123…216€100€100€100FV = ?

You save €100 at the end of every month for 18 years. The account pays 4.8% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1004.8% / 12N = 216
FV = €
6.Hard
months0123…276€300€300€300FV = ?

You save €300 at the end of every month for 23 years. The account pays 4.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3004.2% / 12N = 276
FV = €

Answer key

  1. 1. i = 3.263 %
  2. 2. FV = 7504 €
  3. 3. FV = 11172 €
  4. 4. FV = 9017 €
  5. 5. FV = 34214 €
  6. 6. FV = 139113 €

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