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
years012€4 000FV = ?

You deposit €4 000 in a savings account that pays 2.5% interest per year, compounded annually. How much is in the account after 2 years? Find the future value FV.

PV = €4 000i = 2.5%n = 2
FV = €
2.Easy
years0123…8PV = ?€8 000

You will receive €8 000 in 8 years. The interest rate is 4.5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €8 000i = 4.5%n = 8
PV = €
3.Medium
years0123456€1 000FV = ?

You invest €1 000 at a nominal rate of 2% per year, compounded quarterly. Find the value FV of the investment after 6 years.

PV = €1 0002% / 4n = 6
FV = €
4.Medium
years01234€12 000FV = ?

You invest €12 000 at a nominal rate of 3% per year, compounded monthly. Find the value FV of the investment after 4 years.

PV = €12 0003% / 12n = 4
FV = €
5.Hard
months0123…192€50€50€50FV = ?

You save €50 at the end of every month for 16 years. The account pays 3% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €503% / 12N = 192
FV = €
6.Hard
months0123…240€250 000A?AAA

A loan of €250 000 is repaid with equal monthly payments over 20 years. The interest rate is 4.8% per year, compounded monthly. Find the monthly payment A.

P = €250 0004.8% / 12N = 240
A = €

Answer key

  1. 1. FV = 4203 €
  2. 2. PV = 5625 €
  3. 3. FV = 1127 €
  4. 4. FV = 13528 €
  5. 5. FV = 12302 €
  6. 6. A = 1622 €

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