Percentage
Base(
y ×
)
Rate(
%
=
100
⎛
NewAmount(
⎜
%
100
Δ
=
⎜
⎝
⎛
Amount(
⎜
%T
100
=
⎜
Total(
⎝
Interest
n
= number of compounding periods.
i
= periodic interest rate, expressed as a decimal.
PV
= present value.
FV
= future value or balance.
PMT
= periodic payment.
S
= payment mode factor (0 or 1) indicating treatment of PMT.
0 corresponds to End, 1 to Begin.
I
= interest amount.
INTG (n)
= integer portion of n.
FRAC (n)
= fractional portion of n.
Simple Interest
n
I
PV
=
×
360
360
n
I
PV
=
×
365
365
Appendix E
Formulas Used
x
)
x
)
Base(
−
Base(
y
)
⎞
x
)
⎟
⎟
y
)
⎠
i
×
i
×
255
⎞
y
)
⎟
⎟
⎠