!" $%&%'( )*+%( *,- .

'(/(,& )*+%( 01 *
23,4+( 5*/6 2&'(*7 0' 2(8('*+ 9,(:%*+
5*/6 2&'(*7/



wheie:
Fv - futuie value
Pv - piesent value
n - peiious
i - iate

;" <(& .'(/(,& )*+%( 01 * .'0=(>&




5" !,,%3&3(/



Futuie value of 0iuinaiy Annuity


oi


Futuie value of Annuity Bue


Solving foi PNT, i, n of a Futuie value of Annuity

!""#$ &'()* !#+,&-' ./ (/#0, 1/- .2, 3)(()4+ ).,3

Piesent value of an 0iuinaiy Annuity









Piesent value of an Annuity Bue


Loan Amoitization Annual Payments
5/.,6 7/#0, 1/- .2, !448).$ 9'$3,4.( 1)-(.:


Loan Amoitization Nonthly Payments


?" .('@(&%3&A










B" $%&%'( )*+%(/ C3&6 <0,D!,,%*+
.('30-/



$" $3,-3,4 , EA(*'/F@('30-G 01 * 1%&%'(
8*+%( @'0H+(7

0sing the Fv equation,





$),
DDDDDD I EJK'G,
.)

Substitute the vaiiables, Fv anu Pv, with the
figuies given in pioblem.

Youi solution in uiviuing FvnPv is youi
basis in using the Fv Table. Foi example,
you have 6.1uS1, anu the iate given is 1u%.

Since iate (-; is given in the pioblem< finu
the 6.1uS1 in the 1u% column, anu check
the coiiesponuing @('30- to aiiive at youi
answei.

In this example, the answei is S yeais.













L" $3,-3,4 ! E'*&(G 01 * 1%&%'( 8*+%(
@'0H+(7



$),
DDDDDD I EJK'G,
.)

Substitute the vaiiables, Fv anu Pv, with the
figuies given in pioblem.

Youi solution in uiviuing FvnPv is youi
basis in using the Fv Table. Foi example,
you have 6.1uS1, anu the peiiou given is S
yeais.

Since peiiou (4; is given in the pioblem< finu
the 6.1uS1 in the S yeais column, anu check
the coiiesponuing '*&( to aiiive at youi
answei.

In this example, the answei is 1u% yeais.

M" N*O3,4 P,&('(/& Q*&(/ 507@*'*H+(










P" 2&'*&(4A N*@

=/8 3'$ >-)., "-/&#,3 (/#0)4+ .)"( 2,-,: