Exam1_formula_sheet

# Exam1_formula_sheet - PV = PMT i PV = PMT i ± g Price of...

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Formulas: Future value: FV = PV FV IF i;n = PV (1 + i ) n Present value: PV = FV PV IF i;n = FV (1 + i ) n PV IF i;n = 1 (1 + i ) n Non-annual compounding: FV = PV 1 + i m ± m n E/ective Annual Interest Rate: Eff:Int:Rate = 1 + i m ± m ± 1 Present value of an (ordinary) annuity: PV = PMT PV IFA i;n = PMT ( 1 ± 1 (1+ i ) n i ) Future value of an (ordinary) annuity: FV = PMT FV IFA i;n = PMT ² (1 + i ) n ± 1 i ³ PV (or FV) of Annuity Due: (1 + i ) PV ( or FV ) of ordinary annuity : Present value of a perpetuity and a growing perpetuity:
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Unformatted text preview: PV = PMT i ; PV = PMT i ± g Price of an n-period zero-coupon bond ( FV : face value; y : yield to maturity): P = FV (1 + y ) n Price of an n-period coupon bond ( PMT : coupon; FV : face value; y : yield to maturity): P = n X t =1 PMT (1 + y ) t ! + FV (1 + y ) n 1...
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## This note was uploaded on 02/22/2012 for the course FINA 363 taught by Professor Masoudie during the Spring '10 term at South Carolina.

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