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

An investment of €2 000 grows to €2 620 in 4 years with annual compounding. Find the annual interest rate i in percent.

PV = €2 000FV = €2 620n = 4

i = %

2.Easy

You deposit €500 in a savings account that pays 3% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €500i = 3%n = 11

FV = €

3.Medium

You invest €5 000 at 4% per year with continuous compounding. Find the value FV after 2 years.

PV = €5 000r = 4%t = 2

FV = €

4.Medium

You invest €3 000 at a nominal rate of 4.8% per year, compounded monthly. Find the value FV of the investment after 7 years.

PV = €3 0004.8% / 12n = 7

FV = €

5.Hard

You save €500 at the end of every month for 29 years. The account pays 4.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €5004.2% / 12N = 348

FV = €

6.Hard

A loan of €25 000 is repaid with equal monthly payments over 4 years. The interest rate is 3.6% per year, compounded monthly. Find the monthly payment A.

P = €25 0003.6% / 12N = 48

A = €

Answer key

1. i = 6.984 %
2. FV = 692.1 €
3. FV = 5416 €
4. FV = 4195 €
5. FV = 339034 €
6. A = 560 €

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