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€2 500FV = ?

You deposit €2 500 in a savings account that pays 4% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €2 500i = 4%n = 8
FV = €
2.Easy
years0123…10€2 500FV = ?

You deposit €2 500 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €2 500i = 6%n = 10
FV = €
3.Medium
years012345PV = ?€50 000

You need €50 000 in 5 years. An account pays 6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €50 0006% / 12n = 5
PV = €
4.Medium
periods01211 + EAR = ?19.5% / 2

A credit card charges a nominal interest rate of 19.5% per year, compounded semi-annually. Find the effective annual rate EAR in percent.

r = 19.5%m = 2
EAR = %
5.Hard
months0123…156A?AA€25 000

You want €25 000 in 13 years. You save the same amount at the end of every month in an account paying 3% per year, compounded monthly. Find the monthly deposit A.

FV = €25 0003% / 12N = 156
A = €
6.Hard
months0123…84€100€100€100FV = ?

You save €100 at the end of every month for 7 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1003.6% / 12N = 84
FV = €

Answer key

  1. 1. FV = 3421 €
  2. 2. FV = 4477 €
  3. 3. PV = 37069 €
  4. 4. EAR = 20.45 %
  5. 5. A = 131.2 €
  6. 6. FV = 9537 €

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