Appendix G

Question 1

Interest

Answer 1

Principal x rate x time

Question 2

FV (Future value of a single amount)

Answer 2

P x (1 + i)^n

Principal or present value
Interest rates for one period
Number of periods

Question 3

PV (Present value)

Answer 3

Future Value (FV) / (1+i)^n

Principal or present value
Interest rate for one period
Number of periods