chapter 3;investments Flashcards
1
Q
simple interest
A
I=Prn
2
Q
amount owed formula
A
A=P+1
3
Q
compound interest formula-FV
A
FV=PV(1+r)n
4
Q
compound interest earned or owed
A
I=FV-PV
5
Q
compound interest-PV
A
PV=FV divide by (1+r)n
6
Q
appreciation formula
A
FV=PV(1+r)n OR A=P(1+r)n
7
Q
inflation formula
A
FV=PV(1+r)n