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 €7 500 in a savings account that pays 3.5% interest per year, compounded annually. How much is in the account after 12 years? Find the future value FV.

PV = €7 500i = 3.5%n = 12

FV = €

2.Easy

You deposit €10 000 at 5% interest per year, compounded annually (interest is added at the end of each year). After how many whole years n does the balance first reach at least €20 000?

PV = €10 000FV = €20 000i = 5%

n = years

3.Medium

You need €10 000 in 8 years. An account pays 4.8% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €10 0004.8% / 4n = 8

PV = €

4.Medium

An annuity pays €3 000 at the end of each year for 8 years. The interest rate is 4% per year. Find the present value PV of the annuity.

A = €3 000i = 4%n = 8

PV = €

5.Hard

You save €300 at the end of every month for 22 years. The account pays 7.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €3007.2% / 12N = 264

FV = €

6.Hard

A loan of €15 000 is repaid with equal monthly payments over 7 years at 4.8% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €15 0004.8% / 12N = 84

I = €

Answer key

1. FV = 11333 €
2. n = 15 years
3. PV = 6827 €
4. PV = 20198 €
5. FV = 192570 €
6. I = 2691 €

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