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…10€1 500FV = ?

You deposit €1 500 in a savings account that pays 1.5% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €1 500i = 1.5%n = 10
FV = €
2.Easy
years0123…8PV = ?€2 000

You will receive €2 000 in 8 years. The interest rate is 4.5% per year, compounded annually. What is this amount worth today? Find the present value PV.

FV = €2 000i = 4.5%n = 8
PV = €
3.Medium
years012PV = ?€5 000

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

FV = €5 0002% / 4n = 2
PV = €
4.Medium
years0123…20PV = ?€1 000€1 000€1 000€1 000

An annuity pays €1 000 at the end of each year for 20 years. The interest rate is 5% per year. Find the present value PV of the annuity.

A = €1 000i = 5%n = 20
PV = €
5.Hard
months0123…36€30 000AAAA4.2% / 12, I = ?

A loan of €30 000 is repaid with equal monthly payments over 3 years at 4.2% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €30 0004.2% / 12N = 36
I = €
6.Hard
months0123…300€250 000A?AAA

A loan of €250 000 is repaid with equal monthly payments over 25 years. The interest rate is 6% per year, compounded monthly. Find the monthly payment A.

P = €250 0006% / 12N = 300
A = €

Answer key

  1. 1. FV = 1741 €
  2. 2. PV = 1406 €
  3. 3. PV = 4804 €
  4. 4. PV = 12462 €
  5. 5. I = 1982 €
  6. 6. A = 1611 €

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