Chapter 10: Symbols and Formulas Introduced

The Formulas You Need to Know

[latex]I[/latex] = Interest payment amount

[latex]i[/latex] = Periodic interest rate

[latex]n[/latex] = Number of compounding periods

[latex]FV[/latex] = Future or maturity value

[latex]PV[/latex] = Principal or present value

Periodic Interest Amount:

[latex]I=PV \times i[/latex]

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Business Math: A Step-by-Step Handbook Abridged Copyright © 2022 by Sanja Krajisnik; Carol Leppinen; and Jelena Loncar-Vines is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.