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…8€4 000FV = ?

You deposit €4 000 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €4 000i = 3.5%n = 8
FV = €
2.Easy
years0123…15PV = ?€25 000

You will receive €25 000 in 15 years. The interest rate is 5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €25 000i = 5%n = 15
PV = €
3.Medium
years012345PV = ?€25 000

You need €25 000 in 5 years. An account pays 2% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €25 0002% / 12n = 5
PV = €
4.Medium
years0123…10€1 000FV = ?

You invest €1 000 at a nominal rate of 2% per year, compounded monthly. Find the value FV of the investment after 10 years.

PV = €1 0002% / 12n = 10
FV = €
5.Hard
months0123…120€50€50€50FV = ?

You save €50 at the end of every month for 10 years. The account pays 7.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €507.2% / 12N = 120
FV = €
6.Hard
months0123…240€200 000AAAA2.4% / 12, I = ?

A loan of €200 000 is repaid with equal monthly payments over 20 years at 2.4% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €200 0002.4% / 12N = 240
I = €

Answer key

  1. 1. FV = 5267 €
  2. 2. PV = 12025 €
  3. 3. PV = 22623 €
  4. 4. FV = 1221 €
  5. 5. FV = 8750 €
  6. 6. I = 52021 €

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