Wednesday, May 5, 2010

The Formula For Student’s

Formula Sheet


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 

                        


 


 

i    =    interest

n    =    number of Years

asf    =    the annual sinking fund that is required to recoup $1 in n years at the

sinking fund rate of accumulation.

a    =    the sinking fund interest (or rate of accumulation)


 

Note:    The above formulas are constructed on the assumption that interest is added at the end of the year.


 

Further Note:    An annuity is an annual sum payable or receivable in equal amounts over a specified period.