158666
Description
Mind Map by Skye Boulton, updated more than 1 year ago
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Created by Skye Boulton
over 11 years ago
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Financial
Maths
- Annuities
- Future Value
Annotations:
- A = M[(1+r)^r -1]/r
- Present Value
Annotations:
- N = M[(1+r)^n-1]/r(1+r)^n or N = A/(1+r)^n
- Future Value
- Credit and borrowing
- Flat rate
loans
Annotations:
- Simple Interest I=Prn
- Repayment Amount Total / number of payments
- Interest charged Total = TP - Principal
- Reducing balance loans
Annotations:
- - Uses tables & graphs - Interest is charged on what is owing which reduces the amount
- Comparing loans
Annotations:
- Compound interest rate E = (1+r)^n Effective interest rate
- Credit cards
Annotations:
- Interest free period? Fees?
- Flat rate
loans
- Depreciation
- Modelling
Annotations:
- Depreciation is the loss of value of an item
- Straight Line
Annotations:
- S = Vo - Dn S = Salvage value Vo = purchase price D = Amount of depreciation n = Total time periods
- Reducing balance
Annotations:
- S = Vo (1+r)^n
- Modelling
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