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 will receive €5 000 in 7 years. The interest rate is 3% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €5 000i = 3%n = 7

PV = €

2.Easy

You deposit €1 000 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €1 000i = 3.5%n = 3

FV = €

3.Medium

You invest €2 000 at a nominal rate of 4% per year, compounded monthly. Find the value FV of the investment after 10 years.

PV = €2 0004% / 12n = 10

FV = €

4.Medium

You invest €10 000 at 8% per year with continuous compounding. Find the value FV after 7 years.

PV = €10 000r = 8%t = 7

FV = €

5.Hard

You deposit €2 500 at the start of every year for 14 years, the first deposit today. The account pays 8% per year. How much is in the account at the end of year 14? Find FV.

A = €2 500i = 8%n = 14

FV = €

6.Hard

A loan of €250 000 is repaid with equal monthly payments over 25 years. The interest rate is 7.2% per year, compounded monthly. Find the monthly payment A.

P = €250 0007.2% / 12N = 300

A = €

Answer key

1. PV = 4065 €
2. FV = 1109 €
3. FV = 2982 €
4. FV = 17507 €
5. FV = 65380 €
6. A = 1799 €

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