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…9€500FV = ?

You deposit €500 in a savings account that pays 5% interest per year, compounded annually. How much is in the account after 9 years? Find the future value FV.

PV = €500i = 5%n = 9
FV = €
2.Easy
years0123456€5 000FV = ?

You deposit €5 000 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 6 years? Find the future value FV.

PV = €5 000i = 1.5%n = 6
FV = €
3.Medium
years0123456PV = ?€500€500€500€500

An annuity pays €500 at the end of each year for 6 years. The interest rate is 5% per year. Find the present value PV of the annuity.

A = €500i = 5%n = 6
PV = €
4.Medium
years01234567€20 000FV = ?

You invest €20 000 at a nominal rate of 4% per year, compounded monthly. Find the value FV of the investment after 7 years.

PV = €20 0004% / 12n = 7
FV = €
5.Hard
months0123…132€500€500€500FV = ?

You save €500 at the end of every month for 11 years. The account pays 5.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €5005.4% / 12N = 132
FV = €
6.Hard
months0123…192A?AA€30 000

You want €30 000 in 16 years. You save the same amount at the end of every month in an account paying 3.6% per year, compounded monthly. Find the monthly deposit A.

FV = €30 0003.6% / 12N = 192
A = €

Answer key

  1. 1. FV = 775.7 €
  2. 2. FV = 5467 €
  3. 3. PV = 2538 €
  4. 4. FV = 26450 €
  5. 5. FV = 89867 €
  6. 6. A = 115.8 €

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