Finance Formulas, Simple Interest Formulas, Annual Yield Formulas | MAT 142, Study notes of Mathematics

Download Finance Formulas, Simple Interest Formulas, Annual Yield Formulas | MAT 142 and more Study notes Mathematics in PDF only on Docsity! Finance Formulas Simple Interest Formulas (for add-on interest) )1( rtPFV  PFVEarnedInterest  PpaidtotalPaidInterest  valuematurityorvaluefutureFV sum)(lumpprincipalorvaluepresentP formdecimalinrateinterestannualr yearsintimet Compound Interest Formulas nt n rPFV        1 PFVEarnedInterest  yearoneinperiodsofnumbern Annual Yield Formulas 11        nt n ray Annual Yield for 1 year yieldannualay Ordinary Annuity Formulas (for sinking funds, IRA, TDA)               n r n r nt 11 pymty)FV(ordinar )*( ntpymtFVEarnedInterest  sizepaymentpymt  nt nt n rP n r n r                     1 11 pymt annity the ofvaluepresentP Simple Interest Amortized Loan Formulas (for mortgage loans) nt nt n rP n r n r                     1 11 pymt PntpymtPaidInterest  )*( amountloanorvaluepresentP