Section 11.7: Summary of Financial Formulas

11.7 Outline

1. Definition of variables
2. Classification of financial formulas
   1. simple interest formula
   2. compound interest formula
   3. future value problem
   4. present value problem
   5. ordinary annuity
   6. present value of an annuity
   7. sinking fund
   8. amortization

11.7 Essential Ideas