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Financial Maths
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158666
Mind Map
by
Skye Boulton
, created
about 6 years ago
HSC Maths Mind Map on Financial Maths, created by Skye Boulton on 08/03/2013.
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maths
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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