Summary of Financial Math Formulas

Summary of Financial Math Formulas : Simple Interest: = Interest Earned = Principal/Present Value = Annual Rate (decimal) = Time (years) 1 Compound Interest: If your loan/investment is compounded m times per year: 1 = Future Value/Maturity Value = Principal/Present Value = Annual Rate (decimal) = Number of Compounding Periods per Year = Time (years) If your loan/investment is compounded continuously: Effective Rate: 1 1 Use this to compute the effective rate if your loan/investment is compounded m times per year. 1 Use this to compute the effective rate if your loan/investment is compounded continuously. Future Value of Ordinary Annuities & sinking Funds: 1 1 The payment/deposit is at the END of the period.

Future Value of Ordinary Annuities & Sinking Funds: 5 L 4 F :1 ; á1 E G The payment/deposit is at the END of the period. 5 = Future Value/Total amount accrued 4 = Payment/Deposit made in each period E = rate per period (usually E L å à ) J = total number of times compounded ( J …

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Transcription of Summary of Financial Math Formulas

1 Summary of Financial Math Formulas : Simple Interest: = Interest Earned = Principal/Present Value = Annual Rate (decimal) = Time (years) 1 Compound Interest: If your loan/investment is compounded m times per year: 1 = Future Value/Maturity Value = Principal/Present Value = Annual Rate (decimal) = Number of Compounding Periods per Year = Time (years) If your loan/investment is compounded continuously: Effective Rate: 1 1 Use this to compute the effective rate if your loan/investment is compounded m times per year. 1 Use this to compute the effective rate if your loan/investment is compounded continuously. Future Value of Ordinary Annuities & sinking Funds: 1 1 The payment/deposit is at the END of the period.

2 = Future Value/Total amount accrued = Payment/Deposit made in each period = rate per period (usually ) = total number of times compounded ( 1 1 Annuities Due: 1 1 The payment/deposit is at the BEGINNING of the period Present Value of Ordinary Annuities & Amortization: 1 1 The payment is made at the END of the period. P = Present Value = Payment made in each period = rate per period (usually ) = total number of times compounded ( 1 1))

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