## 11.7 Outline

- Definition of variables
- Classification of financial formulas
- simple interest formula
- compound interest formula
- future value problem
- present value problem
- ordinary annuity
- present value of an annuity
- sinking fund
- amortization

- Definition of variables
- Classification of financial formulas
- simple interest formula
- compound interest formula
- future value problem
- present value problem
- ordinary annuity
- present value of an annuity
- sinking fund
- amortization