Compound Interest and Annuities

Question 1

Compound Times

Answer 1

Annually:1, Semi-ann:2, Quarterly:4, Monthly:12, Weekly:52, Daily:365

Question 2

Compound Interest PV

Answer 2

A=P(1+i)^n or PV=A/(1+i)^n

Question 3

Annuities FV

Answer 3

FV=R[(1+i)^n-1]/i n:#of paym/comp periods; i: int rate per comp period; FV: fut val.; R: reg paym

Question 4

Annuity PV

Answer 4

PV=R[1-(1+i)^-n]/i

Question 5

Compound Interest FV

Answer 5

A= P(1+i)^n P-principal amount; A-FV; i-interest rate per comp period; n-number of comp periods