Economics - where 29 F A,i,N =(1 i 1 i N P = F ⋅(P/F,i,N...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1 ME 416 Computer Assisted Design of Thermal Systems Time Value of Money Functions Definitions A: Annual Cost or Value P: Present Cost or Value F: Future Cost or Value N: number of compound periods i: interest rate in decimal form. To convert from one type of money item to another we can use F = P (F/P,i,N) where ( 29 F / P,i,N = (1+ i) N F = A (F/A,i,N)
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: where ( 29 F / A,i,N = (1+ i)- 1 i N P = F ⋅ (P/F,i,N) where ( 29 P / F,i,N = (1+ i) N 1 P = A ⋅ (P/A,i,N) where ( 29 P / A,i,N = (1+ i)- 1 i(1+ i) N N A = F ⋅ (A/F,i,N) where ( 29 A / F,i,N = i (1+ i)- 1 N A = P ⋅ (A/P,i,N) ME 416 CAD of Thermal Systems 2 where ( 29 A / P,i,N = i(1+ i) (1+ i)- 1 N N...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern