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 500FV = ?

You deposit €1 500 in a savings account that pays 5% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €1 500i = 5%n = 3
FV = €
2.Easy
years0123…12€10 000FV = ?

You deposit €10 000 in a savings account that pays 3% interest per year, compounded annually. How much is in the account after 12 years? Find the future value FV.

PV = €10 000i = 3%n = 12
FV = €
3.Medium
years0123…8PV = ?€20 000

You need €20 000 in 8 years. An account pays 3.6% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €20 0003.6% / 4n = 8
PV = €
4.Medium
years0123…8€12 000FV = ?

You invest €12 000 at a nominal rate of 5% per year, compounded monthly. Find the value FV of the investment after 8 years.

PV = €12 0005% / 12n = 8
FV = €
5.Hard
months0123…240€150 000A?AAA

A loan of €150 000 is repaid with equal monthly payments over 20 years. The interest rate is 5.4% per year, compounded monthly. Find the monthly payment A.

P = €150 0005.4% / 12N = 240
A = €
6.Hard
months0123…240A?AA€10 000

You want €10 000 in 20 years. You save the same amount at the end of every month in an account paying 6% per year, compounded monthly. Find the monthly deposit A.

FV = €10 0006% / 12N = 240
A = €

Answer key

  1. 1. FV = 1736 €
  2. 2. FV = 14258 €
  3. 3. PV = 15015 €
  4. 4. FV = 17887 €
  5. 5. A = 1023 €
  6. 6. A = 21.64 €

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