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Personal Finance (MCS 2100) - Equations CA$4.44
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Personal Finance (MCS 2100) - Equations

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A list of the equations required in MCS 2100 - Personal Finance, taught at the University of Guelph. All hand-written notes.

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  • September 27, 2022
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  • 2020/2021
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MCS 2100 -

EQUATIONS




SUMMER SEMESTER

OF 2021

, Chapter 1 - Introduction
simple interest :



l>
I =P IR ) (T)
↳ P Amount ↳ R Annual interest rate ↳ 1-
=
in
savings
= =
Time period
.
Future value ( FV ) :



^
↳ FV =
PV I 1 + it

↳ PV =
Present value i = Interest rate ↳ n =
Number of time periods
nm

When FV =P V11
i
/ m)
compounding is more than once a year : +




↳ m
Number of
compounding periods per year
=




Number of years

n =




Future value of an Annuity





41 In
]
↳ I
+
i -



FU =



i



Present Value :
'





pv = FV :-( I + i )n

Present value of an Annuity
-

:




[
it ]
]

pv =
1 -
[1 ÷ 11 +




i

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