Finance Flashcards
Present Value
P = f / (i + 1)^n P: present value f: future value i: interest, as decimal n: # periods compounded
Future Value
FV = P * (i + 1)^n F: future value p: principal i: interest, as decimal n: # periods compounded
Compound Interest Rate
I = (f/p)^(1/n) - 1 I: interest f: future value p: present value n: # periods compounded
Number of Periods to Obtain a Future Value
N = (log(f) - log(p)) / log(i + 1)
Periodic Payment
Payment = (p * i) / (1 - (1 / (i + 1)^n)) p: principal i: interest, as decimal n: # payment periods
Future Value of Periodic Payments
FV = A * (((1 + i)^n - 1) / i)
LWDI
Lost Work Day Incident
OSHA Incidence Rate
(200,000 * # injuries requiring more than first aid) / total hours worked by all employees annually
Uniform Deposits to Achieve a Future Value
A = F [i / ((( 1 + i) ^ n) - 1)
Present Value of Uniform Deposits
P = A[(((1+i)^n) - 1) / (i(1+i)^n)]