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Payment Period Dialog: Description of calculation

Calculates the number of compounding periods necessary to increase an investment of present value pv to a future value of fv, at a fixed interest rate of int per compounding period. See also: http://en.wikipedia.org/wiki/Compound_interest

Calculates the depreciation allowance on an asset for a specified period of time, using the double-declining balance method. See also: http://en.wikipedia.org/wiki/Depreciation

Calculates the future value of an investment based on a series of equal payments, each of amount pmt, at a periodic interest rate of int, over the number of payment periods in the term. See also: http://en.wikipedia.org/wiki/Future_value

Calculates the number of payment periods that are necessary during the term of an ordinary annuity, to accumulate a future value of fv, at a periodic interest rate of int. Each payment is equal to amount pmt. See also: http://en.wikipedia.org/wiki/Annuity_(finance_theory)

Calculates the depreciation allowance on an asset for a specified period of time, using the Sum-Of-The-Years’-Digits method. This method of depreciation accelerates the rate of depreciation, so that more depreciation expense occurs in earlier periods than in later ones. The depreciable cost is cost - salvage. The useful life is the number of periods, typically years, over which an asset is depreciated. See also: http://en.wikipedia.org/wiki/Depreciation

Calculates the straight-line depreciation of an asset for one period. The depreciable cost is cost - salvage. The straight-line method of depreciation divides the depreciable cost evenly over the useful life of an asset. The useful life is the number of periods, typically years, over which an asset is depreciated. See also: http://en.wikipedia.org/wiki/Depreciation

Calculates the periodic interest necessary to increase an investment of present value pv to a future value of fv, over the number of compounding periods in term. See also: http://en.wikipedia.org/wiki/Interest

Calculates the present value of an investment based on a series of equal payments, each of amount pmt, discounted at a periodic interest rate of int, over the number of payment periods in the term. See also: http://en.wikipedia.org/wiki/Present_value

Calculates the amount of the periodic payment of a loan, where payments are made at the end of each payment period. See also: http://en.wikipedia.org/wiki/Amortization_schedule