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

An investment of €8 000 grows to €18 530 in 12 years with annual compounding. Find the annual interest rate i in percent.

PV = €8 000FV = €18 530n = 12

i = %

2.Easy

You deposit €2 000 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 = €2 000i = 4.5%n = 11

FV = €

3.Medium

You invest €20 000 at 3% per year with continuous compounding. Find the value FV after 4 years.

PV = €20 000r = 3%t = 4

FV = €

4.Medium

You need €50 000 in 10 years. An account pays 6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €50 0006% / 12n = 10

PV = €

5.Hard

You save €50 at the end of every month for 26 years. The account pays 4.8% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €504.8% / 12N = 312

FV = €

6.Hard

You save €100 at the end of every month for 27 years. The account pays 3% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1003% / 12N = 324

FV = €

Answer key

1. i = 7.25 %
2. FV = 3246 €
3. FV = 22550 €
4. PV = 27482 €
5. FV = 30934 €
6. FV = 49825 €

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