Finance Unit
Formula Sheet
Simple Interest
\(I=P \times R \times T\)Two Compound Interest Formulas
Compound Interest
\(A=P\left(1+\frac{R}{n}\right)^{n T}\)Annuity
\(A=P M T \times \frac{\left[\left(1+\frac{R}{n}\right)^{n T}-1\right]}{\left(\frac{R}{n}\right)}\)Loan Payment
\(P M T=\frac{\left(P \times\frac{R}{n}\right)}{\left[1-\left(1+\frac{R}{n}\right)^{-n T}\right]}\)