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…9PV = ?€8 000

You will receive €8 000 in 9 years. The interest rate is 6% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €8 000i = 6%n = 9
PV = €
2.Easy
years0123PV = ?€20 000

You will receive €20 000 in 3 years. The interest rate is 2% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €20 000i = 2%n = 3
PV = €
3.Medium
years0123…8PV = ?€40 000

You need €40 000 in 8 years. An account pays 4% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €40 0004% / 12n = 8
PV = €
4.Medium
years0123…10€5 000FV = ?

You invest €5 000 at a nominal rate of 3% per year, compounded quarterly. Find the value FV of the investment after 10 years.

PV = €5 0003% / 4n = 10
FV = €
5.Hard
months0123…360€150 000A?AAA

A loan of €150 000 is repaid with equal monthly payments over 30 years. The interest rate is 3% per year, compounded monthly. Find the monthly payment A.

P = €150 0003% / 12N = 360
A = €
6.Hard
years0123…28€1 000€1 000€1 000FV = ?

You deposit €1 000 at the start of every year for 28 years, the first deposit today. The account pays 5% per year. How much is in the account at the end of year 28? Find FV.

A = €1 000i = 5%n = 28
FV = €

Answer key

  1. 1. PV = 4735 €
  2. 2. PV = 18846 €
  3. 3. PV = 29061 €
  4. 4. FV = 6742 €
  5. 5. A = 632.4 €
  6. 6. FV = 61323 €

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