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
years0123456€8 000€10 120

An investment of €8 000 grows to €10 120 in 6 years with annual compounding. Find the annual interest rate i in percent.

PV = €8 000FV = €10 120n = 6
i = %
2.Easy
years0123…8€500FV = ?

You deposit €500 in a savings account that pays 5% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €500i = 5%n = 8
FV = €
3.Medium
years0123…15€5 000FV = ?

You invest €5 000 at 2% per year with continuous compounding. Find the value FV after 15 years.

PV = €5 000r = 2%t = 15
FV = €
4.Medium
years012PV = ?€15 000

You need €15 000 in 2 years. An account pays 4% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €15 0004% / 4n = 2
PV = €
5.Hard
months0123…60€15 000A?AAA

A loan of €15 000 is repaid with equal monthly payments over 5 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €15 0005.4% / 12N = 60
A = €
6.Hard
months0123…36€15 000A?AAA

A loan of €15 000 is repaid with equal monthly payments over 3 years. The interest rate is 2.4% per year, compounded monthly. Find the monthly payment A.

P = €15 0002.4% / 12N = 36
A = €

Answer key

  1. 1. i = 3.996 %
  2. 2. FV = 738.7 €
  3. 3. FV = 6749 €
  4. 4. PV = 13852 €
  5. 5. A = 285.8 €
  6. 6. A = 432.3 €

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