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…9€10 000FV = ?

You deposit €10 000 in a savings account that pays 7% interest per year, compounded annually. How much is in the account after 9 years? Find the future value FV.

PV = €10 000i = 7%n = 9
FV = €
2.Easy
years0123456€1 500FV = ?

You deposit €1 500 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 6 years? Find the future value FV.

PV = €1 500i = 2%n = 6
FV = €
3.Medium
years0123456PV = ?€15 000

You need €15 000 in 6 years. An account pays 6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €15 0006% / 12n = 6
PV = €
4.Medium
years01234PV = ?€20 000

You need €20 000 in 4 years. An account pays 3.6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €20 0003.6% / 12n = 4
PV = €
5.Hard
months0123…228€100€100€100FV = ?

You save €100 at the end of every month for 19 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1002.4% / 12N = 228
FV = €
6.Hard
months01…156…300€250 000AB = ?A3% / 12

A mortgage of €250 000 is repaid with equal monthly payments over 25 years at 3% per year, compounded monthly. How much is still owed just after the payment at the end of year 13? Find the outstanding balance B.

P = €250 0003% / 12N = 300k = 156
B = €

Answer key

  1. 1. FV = 18385 €
  2. 2. FV = 1689 €
  3. 3. PV = 10475 €
  4. 4. PV = 17321 €
  5. 5. FV = 28852 €
  6. 6. B = 143217 €

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