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…12€500FV = ?

You deposit €500 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 12 years? Find the future value FV.

PV = €500i = 6%n = 12
FV = €
2.Easy
years0123…8€2 500FV = ?

You deposit €2 500 in a savings account that pays 3% interest per year, compounded annually. How much is in the account after 8 years? Find the future value FV.

PV = €2 500i = 3%n = 8
FV = €
3.Medium
periods01211 + EAR = ?25% / 2

A credit card charges a nominal interest rate of 25% per year, compounded semi-annually. Find the effective annual rate EAR in percent.

r = 25%m = 2
EAR = %
4.Medium
years0123…12€1 000FV = ?

You invest €1 000 at 7% per year with continuous compounding. Find the value FV after 12 years.

PV = €1 000r = 7%t = 12
FV = €
5.Hard
years0123…13€2 000€2 000€2 000FV = ?

You deposit €2 000 at the start of every year for 13 years, the first deposit today. The account pays 5% per year. How much is in the account at the end of year 13? Find FV.

A = €2 000i = 5%n = 13
FV = €
6.Hard
years0123…11€2 000€2 000€2 000FV = ?

You deposit €2 000 at the start of every year for 11 years, the first deposit today. The account pays 4% per year. How much is in the account at the end of year 11? Find FV.

A = €2 000i = 4%n = 11
FV = €

Answer key

  1. 1. FV = 1006 €
  2. 2. FV = 3167 €
  3. 3. EAR = 26.56 %
  4. 4. FV = 2316 €
  5. 5. FV = 37197 €
  6. 6. FV = 28052 €

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