Financial Maths

Beschreibung

HSC Maths Mindmap am Financial Maths, erstellt von Skye Boulton am 03/08/2013.
Skye Boulton
Mindmap von Skye Boulton, aktualisiert more than 1 year ago
Skye Boulton
Erstellt von Skye Boulton vor mehr als 11 Jahre
207
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Zusammenfassung der Ressource

Financial Maths
  1. Annuities
    1. Future Value

      Anmerkungen:

      • A = M[(1+r)^r -1]/r
      1. Present Value

        Anmerkungen:

        • N = M[(1+r)^n-1]/r(1+r)^n or N = A/(1+r)^n
      2. Credit and borrowing
        1. Flat rate loans

          Anmerkungen:

          • Simple Interest I=Prn
          • Repayment Amount Total / number of payments
          • Interest charged Total = TP - Principal
          1. Reducing balance loans

            Anmerkungen:

            • - Uses tables & graphs - Interest is charged on what is owing which reduces the amount 
            1. Comparing loans

              Anmerkungen:

              • Compound interest rate E = (1+r)^n Effective interest rate
              1. Credit cards

                Anmerkungen:

                • Interest free period? Fees?
              2. Depreciation
                1. Modelling

                  Anmerkungen:

                  • Depreciation is the loss of value of an item
                  1. Straight Line

                    Anmerkungen:

                    • S = Vo - Dn S = Salvage value Vo = purchase price D = Amount of depreciation n = Total time periods
                    1. Reducing balance

                      Anmerkungen:

                      • S = Vo (1+r)^n
                    Zusammenfassung anzeigen Zusammenfassung ausblenden

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