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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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- Spring '08