Using a Finance Solver to Find Interest Rates, Time Taken, and Regular Payments (VCE SSCE General Mathematics): Flashcards
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Finance solver
Finance solver
Tool to calculate unknowns in financial problems
Sign convention: money flow direction
Sign convention: money flow direction
Money out = negative, money in = positive
Investment: , , signs
Investment: , , signs
Negative, negative, positive
Loan: , , signs
Loan: , , signs
Positive, negative, zero
Annuity: , , signs
Annuity: , , signs
Negative, positive, zero
Rounding for minimum payment/time needed
Rounding for minimum payment/time needed
Round UP
Rounding for complete annuity payment count
Rounding for complete annuity payment count
Round DOWN
Final payment calculation
Final payment calculation
Regular payment + remaining balance
Total interest paid
Total interest paid
Total repayments - principal
Reducing balance loan
Reducing balance loan
Principal decreases; interest on outstanding balance