Annuities (HSC SSCE Mathematics Standard): Flashcards
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What is a future value table?
What is a future value table?
Tool with pre-calculated values for annuity calculations
What do rows represent in a future value table?
What do rows represent in a future value table?
Number of time periods
What do columns represent in a future value table?
What do columns represent in a future value table?
Interest rate per period
What are intersection values in future value tables?
What are intersection values in future value tables?
Multiplication factors for calculations
Why is period 1 value always 1.0000?
Why is period 1 value always 1.0000?
No interest earned yet on a single contribution
Formula for number of periods with compounding
Formula for number of periods with compounding
Formula for interest rate per period
Formula for interest rate per period
Formula to calculate future value (FV)
Formula to calculate future value (FV)
Formula to find payment amount (PMT)
Formula to find payment amount (PMT)
What does intersection value include?
What does intersection value include?
Total contributions AND compound interest earned
