 Financial Maths

Mind Map by , created about 6 years ago

HSC Maths Mind Map on Financial Maths, created by Skye Boulton on 08/03/2013. 69 5 0  Created by Skye Boulton about 6 years ago
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Financial Maths
1 Annuities
1.1 Future Value

Annotations:

• A = M[(1+r)^r -1]/r
1.2 Present Value

Annotations:

• N = M[(1+r)^n-1]/r(1+r)^n or N = A/(1+r)^n
2 Credit and borrowing
2.1 Flat rate loans

Annotations:

• Simple Interest I=Prn
• Repayment Amount Total / number of payments
• Interest charged Total = TP - Principal
2.2 Reducing balance loans

Annotations:

• - Uses tables &amp; graphs - Interest is charged on what is owing which reduces the amount
2.3 Comparing loans

Annotations:

• Compound interest rate E = (1+r)^n Effective interest rate
2.4 Credit cards

Annotations:

• Interest free period? Fees?
3 Depreciation
3.1 Modelling

Annotations:

• Depreciation is the loss of value of an item
3.2 Straight Line

Annotations:

• S = Vo - Dn S = Salvage value Vo = purchase price D = Amount of depreciation n = Total time periods
3.3 Reducing balance

Annotations:

• S = Vo (1+r)^n