2. Earning and managing money Flashcards by Jacob S | Brainscape

Q

What is the simple interest formula?

A

I = PRN

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What is the compound interest formula?

A

I = P(1+R)^N

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What is the present value formula?

A

P.V = Future value / P(1+R)^N

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What is the future value formula?

A

F.V = Present value(1+R)^N

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What is the straight-line depreciation formula?

A

S.V = V - DN

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What is the declining-balance depreciation formula?

A

S.V = V(1-r)^N

How well did you know this?

1

Not at all

2

3

4

5

Perfectly