Finance 102: Personal Finance Formulas

Instructor: James Walsh

M.B.A. Veteran Business and Economics teacher at a number of community colleges and in the for profit sector.

The sheet below is designed to help you remember the formulas that we encountered throughout the course of Finance 102.


Future value of a sum
FV
where r= interest rate and n=years


Future value of a stream of equal payments
FVA
where A= the payments r= interest rate and n=years


Present value of a sum
PV
where r= interest rate and n=years


Present value of a stream of equal payments
PVA
where A= the payments r= interest rate and n=years


Simple interest
Interest


Effective annual rate
effectiveannualrate
where i = stated interest rate and n= number of yearly compounds


Fixed monthly payment
payment
where L= The item cost r= interest rate and n = number of payments


Earnings per share (EPS)
EPS


Return on investment (ROI)
ROI basic
ROI shareholders


To unlock this lesson you must be a Study.com Member.
Create your account

Register to view this lesson

Are you a student or a teacher?

Unlock Your Education

See for yourself why 30 million people use Study.com

Become a Study.com member and start learning now.
Become a Member  Back
What teachers are saying about Study.com
Try it risk-free for 30 days

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Create an account to start this course today
Try it risk-free for 30 days!
Create an account
Support