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
years012345PV = ?€20 000

You will receive €20 000 in 5 years. The interest rate is 4.5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €20 000i = 4.5%n = 5
PV = €
2.Easy
years0123…12€500FV = ?

You deposit €500 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 12 years? Find the future value FV.

PV = €500i = 3.5%n = 12
FV = €
3.Medium
years0123456PV = ?€15 000

You need €15 000 in 6 years. An account pays 3.6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €15 0003.6% / 12n = 6
PV = €
4.Medium
years0123…10€8 000FV = ?

You invest €8 000 at a nominal rate of 2% per year, compounded quarterly. Find the value FV of the investment after 10 years.

PV = €8 0002% / 4n = 10
FV = €
5.Hard
months0123…240€200 000A?AAA

A loan of €200 000 is repaid with equal monthly payments over 20 years. The interest rate is 3.6% per year, compounded monthly. Find the monthly payment A.

P = €200 0003.6% / 12N = 240
A = €
6.Hard
months0123…168€300€300€300FV = ?

You save €300 at the end of every month for 14 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3003.6% / 12N = 168
FV = €

Answer key

  1. 1. PV = 16049 €
  2. 2. FV = 755.5 €
  3. 3. PV = 12090 €
  4. 4. FV = 9766 €
  5. 5. A = 1170 €
  6. 6. FV = 65408 €

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