Unformatted text preview: x (1 + Tip Rate) Simple Interest Formulas I = Prt or Interest = Present Value (or Principal) x Interest Rate x Time Future Value = Present Value (or Principal) + Interest Future Value = Present Value (or Principal) x (1 + Interest Rate x Time) Compound Interest Formulas Future Value = Present Value x (1 + r/n) nt Future Value = Present Value x (1 + i) N , where N = n · t or Number of periods = Number of periods per year x Number of years i = r / n or Periodic interest rate = Annual interest rate / Number of periods per year Annual Percentage Rate APR = 1 2 + N Nr Mortgage Formulas Comparison Rate = APR + 0.125(Points + Loan of Amount Fee n Originatio ) Entry II Table 000 , 1 Loan of Amount Payment Monthly × =...
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This note was uploaded on 02/29/2012 for the course MATH 120 taught by Professor Adjunct during the Fall '11 term at Northern Virginia Community College.
 Fall '11
 Adjunct
 Math, Formulas

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