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
years012345€2 000FV = ?

You deposit €2 000 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 5 years? Find the future value FV.

PV = €2 000i = 1.5%n = 5
FV = €
2.Easy
years0123…9PV = ?€10 000

You will receive €10 000 in 9 years. The interest rate is 4.5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €10 000i = 4.5%n = 9
PV = €
3.Medium
years01234567PV = ?€40 000

You need €40 000 in 7 years. An account pays 3.6% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €40 0003.6% / 12n = 7
PV = €
4.Medium
periods01211 + EAR = ?20% / 2

A credit card charges a nominal interest rate of 20% per year, compounded semi-annually. Find the effective annual rate EAR in percent.

r = 20%m = 2
EAR = %
5.Hard
months0123…72€250€250€250FV = ?

You save €250 at the end of every month for 6 years. The account pays 2.4% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €2502.4% / 12N = 72
FV = €
6.Hard
months0123…48A?AA€100 000

You want €100 000 in 4 years. You save the same amount at the end of every month in an account paying 3% per year, compounded monthly. Find the monthly deposit A.

FV = €100 0003% / 12N = 48
A = €

Answer key

  1. 1. FV = 2155 €
  2. 2. PV = 6729 €
  3. 3. PV = 31102 €
  4. 4. EAR = 21 %
  5. 5. FV = 19340 €
  6. 6. A = 1963 €

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