Compound Interest (not continuous) Compound Continuous Interest

P 5000 P
r 0.04 r
n 12 t
t 5

A 6104.98 A

A=P(1+r/n)^(nt) A=Pe^(rt)
mpound Continuous Interest Present Value for Compound Interest

5000 A 5000
0.04 r 0.04
5 n 12
t 5

6107.01 P 4095.02

P=A/(1+r/n)^(nt)
Future Value Annuity (saving money) Monthly Payment Annuity (saving money)

PMT 200 FV 10000

r 0.04 r 0.04
n 12 n 12
t 5 t 5

FV 13259.80 PMT 150.83

FV=PMT*[(1+r/n)^(nt)-1]/(r/n) PMT=FV*(r/n)/[(1+r/n)^(nt)-1]
nt Annuity (saving money)

(1+r/n)^(nt)-1]
Monthly PMT loans Max purchase price home

P 10000 PMT 800

r 0.04 r 0.04
n 12 n 12
t 5 t 30

PMT 184.17 Price 167568.992

PMT=(P*r/n)/(1-(1+r/n)^(-nt)) Price=PMT*(1-(1+r/n)^(-nt))/(r/n)
 Number of Payments Credit Card

PMT 200
A 5000
r 0.04
n 12

R 26.15

1+r/n)^(-nt))/(r/n) R=-log(1-(r/n)(A/PMT))/log(1+r/n)