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    Formulas

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    MajorHeartBreaker
    This document outlines several common finance formulas for calculating simple and compound interest, annuities, amortization, and credit card balances. The formulas calculate amounts such as future value, present value, annual percentage yield, payments on loans, and estimated balances based on starting values, interest rates, number of periods, and payment amounts.

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    Formulas

    Uploaded by

    MajorHeartBreaker
    35 views1 page
    This document outlines several common finance formulas for calculating simple and compound interest, annuities, amortization, and credit card balances. The formulas calculate amounts such as future value, present value, annual percentage yield, payments on loans, and estimated balances based on starting values, interest rates, number of periods, and payment amounts.

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    This document outlines several common finance formulas for calculating simple and compound interest, annuities, amortization, and credit card balances. The formulas calculate amounts such as future value, present value, annual percentage yield, payments on loans, and estimated balances based on starting values, interest rates, number of periods, and payment amounts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    35 views1 page

    Formulas

    Uploaded by

    MajorHeartBreaker
    This document outlines several common finance formulas for calculating simple and compound interest, annuities, amortization, and credit card balances. The formulas calculate amounts such as future value, present value, annual percentage yield, payments on loans, and estimated balances based on starting values, interest rates, number of periods, and payment amounts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Finance Formulas

    Simple Interest A = P (1 + rt) Compound Interest A = P (1 + r nt ) n

    Continuous Compound Interest A = P ert Annual Percentage Yield AP Y = 1 + r n


    n

    1(Compound),

    AP Y = r(Simple),

    AP Y = er 1(Continuous)

    Future Value of an Increasing Annuity (With a Zero Present Value) FV = PMT (1 + i)m 1 i

    Future Value of an Increasing Annuity (With a Nonzero Present Value) F V = P V (1 + i)m + P M T (1 + i)m 1 i

    Present Value of a Decreasing Annuity (With a Future Value of Zero) PV = PMT 1 (1 + i)m i

    Amortization PMT = i(P V ) 1 (1 + i)m

    Present Value of a Decreasing Annuity (With a Nonzero Future Value) P V = F V (1 + i)m + P M T 1 (1 + i)m i

    Estimate of the Future Value of a Credit Card Bn = B(1 + i r)n

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