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…11€2 000FV = ?

You deposit €2 000 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €2 000i = 3.5%n = 11
FV = €
2.Easy
years01234567€2 500FV = ?

You deposit €2 500 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 = €2 500i = 2%n = 7
FV = €
3.Medium
periods0123…1211 + EAR = ?16% / 12

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

r = 16%m = 12
EAR = %
4.Medium
years0123PV = ?€25 000

You need €25 000 in 3 years. An account pays 3.6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €25 0003.6% / 12n = 3
PV = €
5.Hard
months0123…240€200 000A?AAA

A loan of €200 000 is repaid with equal monthly payments over 20 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €200 0005.4% / 12N = 240
A = €
6.Hard
months0123…84€50€50€50FV = ?

You save €50 at the end of every month for 7 years. The account pays 3% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €503% / 12N = 84
FV = €

Answer key

  1. 1. FV = 2920 €
  2. 2. FV = 2872 €
  3. 3. EAR = 17.23 %
  4. 4. PV = 22444 €
  5. 5. A = 1365 €
  6. 6. FV = 4667 €

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