Quick Reference: TVOM Formulas: Compound Interest
Quick Reference: TVOM Formulas: Compound Interest
Quick Reference: TVOM Formulas: Compound Interest
PV - present value FV - future value i - interest rate (the nominal annual rate) n - number of compounding periods in the term PMT - periodic payment m - compounding frequency (compounding intervals per year) Y - number of years in term
Simple Interest
P - principal (analogous to PV) S - amount (analogous to FV) r - interest rate (analogous to i) t - time (analogous to n) I - interest earned
(1.04)
Simple Interest Amount (I) (1.05) Time - Exact (t) (1.06) Time - Ordinary (t) (1.07)
(2.03) Future Value (FV) - Single Sum (2.04) Accumulation Factor - Compound Interest (2.05) Continuous Compounding (FV) - Future Value
(2.08)
(3.10)
INTEREST RATE Interest Rate (i) - Effective (4.01) Continuous Compounding (i) - Max Effective Interest Rate (4.02)
ALGEBRA Natural Logarithm - Base Identity (5.01) Natural Logarithm - Inverse (5.02) Exponential Equation
(5.05)
(6.02)