I. SIMPLE INTEREST III.

ANNUITIES

𝑰𝒔 = 𝑃𝑟𝑡 = 𝐹 − 𝑃 Simple Ordinary

𝑭 = 𝑃 (1 + 𝑟𝑡) 𝑟 𝑀𝑡
𝑅 [(1 + ) − 1]
𝑀
𝐼𝑠 𝑺 𝑜𝑟 𝑭𝑽 = 𝑟
𝑷 =
𝑟𝑡 𝑀
𝐼𝑠 𝐹−𝑃 𝑟 −𝑀𝑡
𝒓 = = 𝑅 [1 − (1 + ) ]
𝑃𝑡 𝑃𝑡 𝑀
𝑨 𝑜𝑟 𝑷𝑽 = 𝑟
𝐼𝑠 𝐹−𝑃 𝑀
𝒕 = =
𝑃𝑟 𝑃𝑟 𝑟
𝐴( )
𝑀
If specific no. of days is given: 𝑹=
𝑟 −𝑀𝑡
[1 − (1 + ) ]
𝑑 𝑀
𝑰𝒔𝒆 = 𝑃𝑟 ( )
365 𝑟
𝑆( )
= 𝑀
𝑑 𝑟 𝑀𝑡
𝑰𝒔𝒐 = 𝑃𝑟 ( ) [(1 + ) − 1]
360 𝑀
If time between two dates:
𝑅
𝑎𝑐𝑡𝑢𝑎𝑙 𝑡𝑖𝑚𝑒 log [ 𝑟 ]
𝑰𝒔𝒆 = 𝑃𝑟 ( ) 𝑅 − ( ) 𝑃𝑉
365 𝑀
𝒏= 𝑟
𝑎𝑝𝑝𝑟𝑜𝑥. 𝑡𝑖𝑚𝑒 log [1 + ( )]
𝑀
𝑰𝒔𝒆 = 𝑃𝑟 ( )
365 𝑗𝐹𝑉 + 𝑅
= 𝑙𝑜𝑔(1+𝑗) [ ]
𝑎𝑐𝑡𝑢𝑎𝑙 𝑡𝑖𝑚𝑒 𝑅
𝑰𝒔𝒐 = 𝑃𝑟 ( )
360
𝑅
𝑎𝑝𝑝𝑟𝑜𝑥. 𝑡𝑖𝑚𝑒 log [ 𝑟 ]
𝑰𝒔𝒐 = 𝑃𝑟 ( ) 𝑅 − ( ) 𝑃𝑉
360 𝑀
𝒕=
𝑟 𝑀
II. COMPOUND INTEREST log [(1 + [ ]) ]
𝑀
If compounded annually:
𝑗𝐹𝑉 + 𝑅
𝑙𝑜𝑔 (1+𝑗) [ ]
𝑅
𝑭 = 𝑃 (1 + 𝑟)𝑡 =
𝑴
𝑰𝒄 = 𝑃 (1 + 𝑟)𝑡 − 𝑃 General Ordinary

Interest Rate Per Payment Interval

𝑡 𝐹
𝒓 = √ −1
𝑃 𝑖(𝑀𝑃 )
𝑘=
𝑀𝑃
𝐹
𝐹 log ( ) Compound Interest Rate Per Conversion
𝒕 = 𝑙𝑜𝑔(1+𝑟) ( ) = 𝑃
𝑃 log(1 + 𝑟)
𝑖(𝑀𝐼 )
𝑗=
If more than once a year: 𝑀𝐼
𝒊(𝑴) 𝑀𝐼 𝑡
𝒓 = 𝒊(𝑴) ; 𝒏 = 𝑴𝒕 ; 𝒋 = 𝑖(𝑀𝐼 )
𝑴 (1 + ) −1
𝑀𝐼
𝑺 𝑜𝑟 𝑭𝑽 = 𝑅 𝑀𝐼
𝑭 = 𝑃 (1 + 𝑗)𝑛
𝑖(𝑀𝐼 ) 𝑀𝑃
[ (1 + 𝑀𝐼 ) − 1]
𝑷 = 𝐹 (1 + 𝑗)−𝑛

𝑖(𝑀𝐼 ) −𝑀𝐼𝑡
𝒏𝐹 1 − (1 + )
𝒋 =√ − 1 𝑀𝐼
𝑃 𝑨 𝑜𝑟 𝑷𝑽 = 𝑅 𝑀𝐼
𝑖(𝑀𝐼 ) 𝑀𝑃
𝑛 𝐹
[ (1 + 𝑀𝐼 ) − 1 ]
𝒓 = 𝑀 ( √ − 1)
𝑃 Deferred Annuity
𝑀(𝑡𝐷+𝑡𝐴 ) 𝒕
𝐹 𝑀𝑅 𝑖(𝑀) 𝑖(𝑀) 𝑫
log ( ) 𝑺𝑫 = ( ) [(1 + ) − (1 + ) ]
𝒏= 𝑃 𝑖(𝑀) 𝑀 𝑀
𝑟
log (1 + )
𝑀 −𝑀𝑡𝐷 −𝑀(𝑡𝐷+𝑡𝐴 )
𝑀𝑅 𝑖(𝑀) 𝑖(𝑀)
𝐹 𝑨𝑫 = ( ) [(1 + ) − (1 + ) ]
log ( ) 𝑖(𝑀) 𝑀 𝑀
𝒕= 𝑃
𝑟 𝑀
log [(1 + ) ]
𝑀

Continuous Compounding

𝑭 = 𝑃𝑒 𝑟𝑡
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