Unformatted text preview: m = 12 Compounded Monthly i = Interest rate per period = r/m m= 365 Compounded Daily I = Total interest P = Present Value, Principal, Amount of loan when amortizing R = Annuity payment (PMT)/Regular Deposit/Regular Withdrawal t = Time in terms of years n = Number of time periods (mt) **Compounded Continuously: A = Pe rt FVA = Future Value Annuity PVA = Present Value Annuity A = P ( 29 n i + 1 **A = Pe rt I = A – P r e = ( 29 1 1+ m m r A ord = R ( 29 + i i n 1 1 A due = R ( 29 R i i n + + 1 1 1 P =R ( 29 +i i n 1 1 To find “t” for compound continuously: r = ln (A/P) t Formula for outstanding balance, unpaid balance P =R ( 29 +i i x n ) ( 1 1 x = payments made...
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This note was uploaded on 11/13/2011 for the course ACCT 101 taught by Professor Dontknow during the Spring '08 term at Central Washington University.
 Spring '08
 DONTKNOW

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