Exam (elaborations)
MAC2602 FORMULA – SHEET.
- Course
- Institution
QUESTION 1 - TIME VALUE OF MONEY (TVM) 1. SIMPLE INTERST: → I = simple interest, P = principal, R = interest rate and T = time 2. COMPOUND INTERST: → I = compound interest, P = principal and i = interest rate 3. FUTURE VALUE (SINGLE PAYMENT – 1 PERIOD): → FV = future value, PV = presen...
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