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

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Spring 2004 1 ME 417 Design of Alternative Energy 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 ( )
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Unformatted text preview: F / P,i,N = (1+ i) N F = A (F/A,i,N) where ( ) F / A,i,N = (1+ i)- 1 i N P = F (P/F,i,N) where ( ) P / F,i,N = (1+ i) N 1 P = A (P/A,i,N) where ( ) P / A,i,N = (1+ i)- 1 i(1+ i) N N A = F (A/F,i,N) where ( ) A / F,i,N = i (1+ i)- 1 N A = P (A/P,i,N) where ( ) A / P,i,N = i(1+ i) (1+ i)- 1 N N...
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