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€1 000FV = ?

You deposit €1 000 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €1 000i = 7%n = 3
FV = €
2.Easy
years012n = ?€2 000€5 000

You deposit €2 000 at 7% interest per year, compounded annually (interest is added at the end of each year). After how many whole years n does the balance first reach at least €5 000?

PV = €2 000FV = €5 000i = 7%
n = years
3.Medium
years0123456€12 000FV = ?

You invest €12 000 at a nominal rate of 3.6% per year, compounded monthly. Find the value FV of the investment after 6 years.

PV = €12 0003.6% / 12n = 6
FV = €
4.Medium
years0123456PV = ?€5 000

You need €5 000 in 6 years. An account pays 2% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €5 0002% / 4n = 6
PV = €
5.Hard
months0123…180€100€100€100FV = ?

You save €100 at the end of every month for 15 years. The account pays 5.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1005.4% / 12N = 180
FV = €
6.Hard
months0123…144€100€100€100FV = ?

You save €100 at the end of every month for 12 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1003.6% / 12N = 144
FV = €

Answer key

  1. 1. FV = 1225 €
  2. 2. n = 14 years
  3. 3. FV = 14888 €
  4. 4. PV = 4436 €
  5. 5. FV = 27641 €
  6. 6. FV = 17978 €

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