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…12€1 500FV = ?

You deposit €1 500 in a savings account that pays 4.5% interest per year, compounded annually. How much is in the account after 12 years? Find the future value FV.

PV = €1 500i = 4.5%n = 12
FV = €
2.Easy
years01234PV = ?€15 000

You will receive €15 000 in 4 years. The interest rate is 3% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €15 000i = 3%n = 4
PV = €
3.Medium
periods0123…1211 + EAR = ?18% / 12

A credit card charges a nominal interest rate of 18% per year, compounded monthly. Find the effective annual rate EAR in percent.

r = 18%m = 12
EAR = %
4.Medium
years0123…8PV = ?€5 000

You need €5 000 in 8 years. An account pays 4% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €5 0004% / 12n = 8
PV = €
5.Hard
months0123…276€200€200€200FV = ?

You save €200 at the end of every month for 23 years. The account pays 4.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2004.2% / 12N = 276
FV = €
6.Hard
months0123…360€250€250€250FV = ?

You save €250 at the end of every month for 30 years. The account pays 4.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2504.2% / 12N = 360
FV = €

Answer key

  1. 1. FV = 2544 €
  2. 2. PV = 13327 €
  3. 3. EAR = 19.56 %
  4. 4. PV = 3633 €
  5. 5. FV = 92742 €
  6. 6. FV = 179834 €

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