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 €5 000 in a savings account that pays 4.5% interest per year, compounded annually. How much is in the account after 10 years? Find the future value FV.

PV = €5 000i = 4.5%n = 10

FV = €

2.Easy

You deposit €10 000 at 2% 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 €30 000?

PV = €10 000FV = €30 000i = 2%

n = years

3.Medium

You need €5 000 in 8 years. An account pays 2% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €5 0002% / 12n = 8

PV = €

4.Medium

You need €25 000 in 5 years. An account pays 3% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €25 0003% / 12n = 5

PV = €

5.Hard

You borrow €5 000 at 5.4% per year, compounded monthly, and repay €75 at the end of every month. How many months does it take until the loan is repaid (the last payment may be smaller)? Give the number of payments N.

P = €5 000A = €755.4% / 12

N = payments

6.Hard

You save €150 at the end of every month for 18 years. The account pays 4.2% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €1504.2% / 12N = 216

FV = €

Answer key

1. FV = 7765 €
2. n = 56 years
3. PV = 4261 €
4. PV = 21522 €
5. N = 80 payments
6. FV = 48297 €

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