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€10 000FV = ?

You deposit €10 000 in a savings account that pays 2.5% interest per year, compounded annually. How much is in the account after 6 years? Find the future value FV.

PV = €10 000i = 2.5%n = 6
FV = €
2.Easy
years012345PV = ?€5 000

You will receive €5 000 in 5 years. The interest rate is 3.5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €5 000i = 3.5%n = 5
PV = €
3.Medium
years0123…8PV = ?€50 000

You need €50 000 in 8 years. An account pays 5% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €50 0005% / 4n = 8
PV = €
4.Medium
years0123456€12 000FV = ?

You invest €12 000 at a nominal rate of 4.8% per year, compounded monthly. Find the value FV of the investment after 6 years.

PV = €12 0004.8% / 12n = 6
FV = €
5.Hard
months0123…48€10 000AAAA4.8% / 12, I = ?

A loan of €10 000 is repaid with equal monthly payments over 4 years at 4.8% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €10 0004.8% / 12N = 48
I = €
6.Hard
months0123…180€50€50€50FV = ?

You save €50 at the end of every month for 15 years. The account pays 6% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €506% / 12N = 180
FV = €

Answer key

  1. 1. FV = 11597 €
  2. 2. PV = 4210 €
  3. 3. PV = 33599 €
  4. 4. FV = 15996 €
  5. 5. I = 1011 €
  6. 6. FV = 14541 €

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