For a given interest rate (i), over a given term (N)
Find a Present Value (P/x excel PV); P/F = F(P/F, i, N) Find the Present Equivalent, Given a Future Value P/A = A(P/A, i, N) Find the Present Equivalent, Given an Annuity Value Find an Anuity Value (A/x excel PMT); A/P = P(A/P, i, N) Find the Annual Equivalent, Given a Present Value A/F = F(A/F, i, N) Find the Annual Equivalent, Given a Future Value Find a Future Value (F/x excel FV); F/P = P(F/P, i, N) Find the Future Equivalent, Given a Present Value F/A = A(F/A, i, N) Find the Future Equivalent, Given an Annuity Value
Methods of solving problems:
Direct calculation from formula eg F=P(1+i)N Utilize Table Value for calculations Computer program application eg excel, etc.