Math 104 chapter10 finance formulas

Math 104 chapter10 finance formulas - Chapter 10 Finance...

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Chapter 10 Finance Formulas Simple Interest Interest: rt P I = Accumulated Amount: ) 1 ( rt P A + = Compound Interest Accumulated Amount: mt m r P A + = 1 Present Value: mt m r A P - + = 1 Inflation: mt r P A ) 1 ( - = Effective Rate of Interest: 1 1 - + = m m r r eff Annuities Future Value: - + = m r m r R S mt 1 1 Sinking Fund: - + = 1 1 mt m r m r S R ( 29 ( 29 ÷ - + = m r t m m r R S 1 * ^ 1 * ( 29 ( 29 - + ÷ = 1 * ^ 1 * t m m r m r S R Present Value: + - = - m r m r R P mt 1
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This note was uploaded on 04/14/2011 for the course MATH 104 taught by Professor Smith during the Spring '11 term at Utah Valley University.

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