Financial Maths

Skye Boulton
Mind Map by , created about 6 years ago

HSC Maths Mind Map on Financial Maths, created by Skye Boulton on 08/03/2013.

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Skye Boulton
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 & 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

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