Formulas for Finance Math - California State University, Sacramento
Formulas for Finance Math
m = the number of compunding periods per year. (annually m=1, semiannually m=2, quarterly m=4, monthly m=12, daily m=365) r = the annual interest rate as a decimal. (12% = 0.12) t = the time in years. (6 months = 0.5 years)
Simple Interest
I = Prt
Future Value
A = P1 + mr mt
Simple Interest (P = principal)
Future Value
A = P + Prt
Compound Interest (P = principal)
Present Value
P
=
1 +
A mr
mt
Present Value
P
=
A (1 + rt)
Continuous Compounding ( e = 2.71828)
A = Pert P = Ae-rt
Future Value: Annuities and Sinking Funds (FV = future value=S, PMT = payment=R)
FV
=
PMT
1
+
mr mt
- 1
mr
PMT
=
FV
mr
1
+
mr
mt
- 1
Present Value: Annuities and Amortization (PV = present value=P, PMT = payment=R)
PV
=
PMT
1
-
1 +
r m
mr
-
mt
PMT
=
PV
1 -
mr 1 + mr
- mt
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- mathematics capstone course buying a car radford university
- mathematics of personal finance apex learning virtual school
- math 101 personalfinance california state university san marcos
- di erential equations in finance and life insurance ku
- understanding balance sheets and income statements
- answers to chapter 5 student activity sheet foundations in personal finance
- foundations of personal finance chapter 9
- formulas for finance math california state university sacramento
- financeequationsanswers pdf
- math 1010k personal finance formulas middle tennessee state university
Related searches
- california state university system
- california state university second bachelor s
- california state university tuition
- california state university jobs
- california state university system schools
- california state university system wiki
- california state university application log in
- california state university campuses list
- california state university log in
- california state university application deadline
- california state university tuition fee
- california state university fees