Quick Reference: TVOM Formulas VARIABLES Compound Interest

PV - present value FV - future value i - interest rate (the nominal annual rate) n - number of compounding periods in the term PMT - periodic payment m - compounding frequency (compounding intervals per year) Y - number of years in term

Simple Interest

P - principal (analogous to PV) S - amount (analogous to FV) r - interest rate (analogous to i) t - time (analogous to n) I - interest earned

SIMPLE INTEREST Present Value (PV) - Simple Interest

(1.01) Discount Factor - Simple Interest

(1.02) Future Value (FV) - Simple Interest

(1.03) Accumulation Factor - Simple Interest

(1.04)

Simple Interest Amount (I) (1.05) Time - Exact (t) (1.06) Time - Ordinary (t) (1.07)

SINGLE SUM Present Value (PV) - Single Sum

(2.01) Discount Factor - Compound Interest

(2.02) Continuous Compounding (PV) - Present Value

(2.03) Future Value (FV) - Single Sum (2.04) Accumulation Factor - Compound Interest (2.05) Continuous Compounding (FV) - Future Value

(2.06) Number of Periods (n) - Single Sum

(2.07) Interest Rate (i) - Single Sum

(2.08)

ANNUITY Present Value (PV) - Ordinary Annuity

(3.01) Number of Periods (n) - Present Value of Annuity

(3.02) Payment (PMT) - Present Value of Annuity

(3.03) Interest Rate (i) - PV Annuity

(3.04) Future Value (FV) - Ordinary Annuity

(3.05) Number of Periods (n) - Future Value of Annuity

(3.06.) Payment (PMT) - Future Value of Annuity

(3.07) Interest Rate (i) - FV Annuity

(3.08) Annuity Due

(3.09) Perpetuity (PV Annuity)

(3.10)

INTEREST RATE Interest Rate (i) - Effective (4.01) Continuous Compounding (i) - Max Effective Interest Rate (4.02)

ALGEBRA Natural Logarithm - Base Identity (5.01) Natural Logarithm - Inverse (5.02) Exponential Equation

(5.03) Fractional Exponent (5.04) Receiprocal Exponent

(5.05)

BONDS Yield on Discount Basis (YDB)

(6.01) Bond Equivalent Yield (BEY) for t <= 182

(6.02)