Time Value of Money

Question 1

What is the formula for FUTURE VALUE OF A SINGLE SUM?

Answer 1

FVF n, i = (1 + i)ⁿ

Question 2

What is the formula for PRESENT VALUE OF A SINGLE SUM?

Answer 2

PVF n, i = 1 / (1 + i)ⁿ = (1 + i)⁻ⁿ

Question 3

What is the formula for FUTURE VALUE OF AN ORDINARY ANNUITY OF 1?

Answer 3

FVF - OA n, i = ((1 + i)ⁿ - a) / i