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…11€1 000FV = ?

You deposit €1 000 in a savings account that pays 2% interest per year, compounded annually. How much is in the account after 11 years? Find the future value FV.

PV = €1 000i = 2%n = 11
FV = €
2.Easy
years0123…10PV = ?€2 000

You will receive €2 000 in 10 years. The interest rate is 7% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €2 000i = 7%n = 10
PV = €
3.Medium
years0123…9PV = ?€20 000

You need €20 000 in 9 years. An account pays 6% per year, compounded quarterly. How much must you deposit today? Find the present value PV.

FV = €20 0006% / 4n = 9
PV = €
4.Medium
years0123…9PV = ?€5 000

You need €5 000 in 9 years. An account pays 2% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €5 0002% / 12n = 9
PV = €
5.Hard
months0123…144A?AA€30 000

You want €30 000 in 12 years. You save the same amount at the end of every month in an account paying 2.4% per year, compounded monthly. Find the monthly deposit A.

FV = €30 0002.4% / 12N = 144
A = €
6.Hard
months0123…240€150 000AAAA4.8% / 12, I = ?

A loan of €150 000 is repaid with equal monthly payments over 20 years at 4.8% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €150 0004.8% / 12N = 240
I = €

Answer key

  1. 1. FV = 1243 €
  2. 2. PV = 1017 €
  3. 3. PV = 11702 €
  4. 4. PV = 4177 €
  5. 5. A = 180 €
  6. 6. I = 83625 €

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