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

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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)
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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...
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This note was uploaded on 07/25/2008 for the course ME 416 taught by Professor Somerton during the Fall '07 term at Michigan State University.

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

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