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 €2 500 in a savings account that pays 6% interest per year, compounded annually. How much is in the account after 3 years? Find the future value FV.

PV = €2 500i = 6%n = 3

FV = €

2.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 7 years? Find the future value FV.

PV = €5 000i = 4.5%n = 7

FV = €

3.Medium

You need €5 000 in 7 years. An account pays 3% per year, compounded monthly. How much must you deposit today? Find the present value PV.

FV = €5 0003% / 12n = 7

PV = €

4.Medium

A property is expected to earn net rent of €5 000 next year. The rent is expected to grow by 1% per year forever. The required return is 7% per year. Find the value PV of the property today.

C₁ = €5 000g = 1%r = 7%

PV = €

5.Hard

A loan of €200 000 is repaid with equal monthly payments over 30 years at 5.4% per year, compounded monthly. How much interest I is paid in total over the life of the loan?

P = €200 0005.4% / 12N = 360

I = €

6.Hard

You save €500 at the end of every month for 10 years. The account pays 4.8% per year, compounded monthly. How much have you saved at the end? Find FV.

A = €5004.8% / 12N = 120

FV = €

Answer key

1. FV = 2978 €
2. FV = 6804 €
3. PV = 4054 €
4. PV = 83333 €
5. I = 204302 €
6. FV = 76816 €

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