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
years012€500FV = ?

You deposit €500 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 2 years? Find the future value FV.

PV = €500i = 7%n = 2
FV = €
2.Easy
years0123…10€10 000€15 160

An investment of €10 000 grows to €15 160 in 10 years with annual compounding. Find the annual interest rate i in percent.

PV = €10 000FV = €15 160n = 10
i = %
3.Medium
years01234567€8 000FV = ?

You invest €8 000 at a nominal rate of 5% per year, compounded quarterly. Find the value FV of the investment after 7 years.

PV = €8 0005% / 4n = 7
FV = €
4.Medium
periods0123411 + EAR = ?16% / 4

A credit card charges a nominal interest rate of 16% per year, compounded quarterly. Find the effective annual rate EAR in percent.

r = 16%m = 4
EAR = %
5.Hard
months0123…360€200 000A?AAA

A loan of €200 000 is repaid with equal monthly payments over 30 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €200 0005.4% / 12N = 360
A = €
6.Hard
months0123…240€150€150€150FV = ?

You save €150 at the end of every month for 20 years. The account pays 3% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1503% / 12N = 240
FV = €

Answer key

  1. 1. FV = 572.5 €
  2. 2. i = 4.249 %
  3. 3. FV = 11328 €
  4. 4. EAR = 16.99 %
  5. 5. A = 1123 €
  6. 6. FV = 49245 €

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