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Personal Finance

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schoolstudycanada's version from 2018-01-30 00:24

Section

Question Answer
AnnuityA = amount; i = interest rate; n = # of periods; r = regular payments.
A=R[(1+i)^n-1]/i
Compound interestA = amount; P = original payment (principal); i = interest rate; n = # of periods.
A=P(1+i)^n
Annuity - Present valuePV = present value; i = interest rate; n = # of periods; R = regular payments.
PV = R[1-(1+i)^-n]/i
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