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Future worth:
Annual worth:
(Note: The PV, FV, and PMT functions change the sense of the sign. Place a minus in front of the
function to retain the same sign.)
Rate of return:
= RATE(n, A, P, F) for constant A series; single P and F
Interest rate:
= NOMINAL(i%, m)
for effective annual i, compounded m times
per year
Depreciation:
= SLN(P, S, n) straight line depreciation for each period
= DDB(P, S, n, t, d)
double declining balance depreciation for
period t at rate d (optional)
Logical IF function:
(1 + i)n −1
P⧸A (P⧸A,i,n) = —————
P = A(P⧸A,i,n) A A … A A
i(1 + i)n
Present
worth 0
…
i(1 + i)n
A⧸P (A⧸P,i,n) = ————— A = P(A⧸P,i,n) 1 2 n–1 n
(1 + i)n −1
Capital
recovery (Sec. 2.2) P
Uniform
Series (1 + i)n −1
F⧸A (F⧸A,i,n) = —————
F = A(F⧸A,i,n) F
i
Compound
amount 0 1 2 n–1 n
…
A⧸F (A⧸F,i,n) = —————
i A = F(A⧸F,i,n)
(1 + i)n − 1
Sinking
fund A A…A A
(Sec. 2.3)
(1 + i)n − in − 1
PG⧸G ———————
(P⧸G,i,n) =
PG = G(P⧸G,i,n) PG
i2(1 + i)n AG AG AG … AG AG
Present
Arithmetic worth
…
Gradient 0 1 2 3 n
AG⧸G 1 − ———————
(A⧸G,i,n) = — n AG = G(A⧸G,i,n) …
i (1 + i)n − 1 G 2G
Uniform
(n–1) G
{
series (Gradient only) (Sec. 2.5)
Pg⧸A1 and g
[ ( )]
———————
1+g n
A1 1 − ———
1+i
g≠i A1 A1(1+g)
…
A1(1+g)
n–1
Geometric Pg = i−g
Present …
Gradient
worth n
A1 ——— g=i 0
1 2 n–1 n
1+i
(Gradient and base A1) (Sec. 2.6) Pg