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8 Cards in this Set

  • Front
  • Back
Interest earned on both the initial principal and the interest reinvested from prior periods.
Compound Interest
Interest earned only on the original principal amount invested.
Simple interest
The current value of future cash flows discounted at the appropriate discount rate.
Present value (PV)
The rate used to calculate the present value of future cash flows.
Discount rate
The amount an investment is worth after one or more periods. Also compound value.
Future value (FV)
Future Value =
PV × (1 + r)^t
(where: r = Interest rate; t = Number of periods)
Interest rate =
([FV] ÷ [PV])^(1/t) - 1
(where: t = Number of periods)
Present value =
FV / (1 + discount rate)^t