acc311 at The University of Texas











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acc311.com Formula Sheet
Face Value
* Annual Percentage Rate
* (Months Outstanding / 12) You could use (Days Outstanding / 360) instead of months
Interest Expense (or Revenue)
Maturity Value = Principal + Interest
Future Amount
* PV$1(i, n) (Look this up in the PV$1 Table)
Present Value of a Lump Sum
Payment Amount
* PVOA(i, n) (Look this up in the PVOA Table)
Present Value of an Ordinary Annuity