chapter 8; depreciation and loans Flashcards by Ebony Fulton | Brainscape

Q

declining balance depreciation

A

S=Vo(1-r)n

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Q

loan repayments

A

total to be paid= loan payment times number of repayments

principal + interest

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Q

credit cards

A

daily interest rate=annual interest rate divide by 365

FV=PV(1+r)n I=FV-PV

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