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Return on Software: Maximizing the Return on Your Software Investment
book

Return on Software: Maximizing the Return on Your Software Investment

by Steve Tockey
August 2004
Intermediate to advanced
656 pages
15h 28m
English
Addison-Wesley Professional
Content preview from Return on Software: Maximizing the Return on Your Software Investment

Naming Conventions in Interest Formulas

There are six standard formulas for converting money at one time to money at another time. Table 5.1 shows the names and meanings of the variables used in those formulas. These variables and their meanings are used commonly throughout business, finance, and engineering.

Table 5.1. The Names and Meanings of the Common Variables in Interest Formulas
NameMeaning
PThe principal amount. How much is the money worth right now? This term is also known as the present value or present worth.
FThe final amount. How much will the money be worth at a later time? This term is also known as the future value or future worth.
iThe interest rate per period. What is the rental fee for using someone else's money? (Assumed to be ...
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Publisher Resources

ISBN: 0321228758Purchase book