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

You deposit €10 000 in a savings account that pays 3% interest per year, compounded annually. How much is in the account after 5 years? Find the future value FV.

PV = €10 000i = 3%n = 5

FV = €

2.Easy

You deposit €2 500 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €2 500i = 3.5%n = 11

FV = €

3.Medium

You invest €12 000 at a nominal rate of 6% per year, compounded monthly. Find the value FV of the investment after 3 years.

PV = €12 0006% / 12n = 3

FV = €

4.Medium

You need €40 000 in 4 years. An account pays 3.6% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €40 0003.6% / 4n = 4

PV = €

5.Hard

You deposit €2 500 at the start of every year for 15 years, the first deposit today. The account pays 7% per year. How much is in the account at the end of year 15? Find FV.

A = €2 500i = 7%n = 15

FV = €

6.Hard

A loan of €12 000 is repaid with equal monthly payments over 6 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €12 0005.4% / 12N = 72

A = €

Answer key

1. FV = 11593 €
2. FV = 3650 €
3. FV = 14360 €
4. PV = 34658 €
5. FV = 67220 €
6. A = 195.5 €

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