Compound Interest
u When calculating PV, PMT, FV,
– ×
%
0
=
=
–
=
log
=
1 – β
α
= (1 + × ) ×
When "Odd Period" is "Off"
=
=
When "Payment Date" is "End"
=
=
u When calculating
(effective interest rate) is calculated using Newton's Method.
×
+
×
+
% is calculated from using the formulas below:
% =
Interest ( %) calculations are performed using Newton's Method, which produces approximate values whose
precision can be affected by various calculation conditions. Interest calculation results produced by this
application should be used keeping the above in mind, or results should be confirmed separately.
Cash Flow
1
=
+
0
(1+ )
× (1 + )
=
is calculated using Newton's Method.
1
0 =
+
+
0
(1+ )
n
α
β
×
–
γ
–
–
–
) ×
×
{
(1 +
–
) ×
×
(1 +
+
log (1 + )
(1 + )
1
0
When
=
= 1
%
100
I
%
×
= 0
When
=
= 1
× 100
2
3
+
+
+ ... +
2
3
(1+ )
(1+ )
2
3
+
+ ... +
2
3
(1+ )
(1+ )
% = 0
}
When "Odd Period" is "CI"
(1 + )
%
( =
, : natural number up to 80)
(1+ )
100
(1+ )
×
= – (
+
+
= –
×
= – (
+
+
=
–
When "Odd Period" is "SI"
(1 + )
1 + ×
When "Payment Date" is "Begin"
1
When
1 and/or
%
(1 +
)
100 × [ / ]
When
1 and/or
(
)
/
/
× / × 100
(1 + )
–1
Chapter 11 Financial Application
)
)
1
/
/
– 1
1
183