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  2. Forward exchange rate - Wikipedia

    en.wikipedia.org/wiki/Forward_exchange_rate

    The forward exchange rate is a type of forward price. It is the exchange rate negotiated today between a bank and a client upon entering into a forward contract agreeing to buy or sell some amount of foreign currency in the future. [2][3] Multinational corporations and financial institutions often use the forward market to hedge future payables ...

  3. Mental calculation - Wikipedia

    en.wikipedia.org/wiki/Mental_calculation

    The products of small numbers may be calculated by using the squares of integers; for example, to calculate 13 × 17, one can remark 15 is the mean of the two factors, and think of it as (15 − 2) × (15 + 2), i.e. 15 2 − 2 2. Knowing that 15 2 is 225 and 2 2 is 4, simple subtraction shows that 225 − 4 = 221, which is the desired product.

  4. Discounting - Wikipedia

    en.wikipedia.org/wiki/Discounting

    The discount, or charge, is the difference between the original amount owed in the present and the amount that has to be paid in the future to settle the debt. [1] The discount is usually associated with a discount rate, which is also called the discount yield. [1][2][4] The discount yield is the proportional share of the initial amount owed ...

  5. Calculator - Wikipedia

    en.wikipedia.org/wiki/Calculator

    An electronic pocket calculator with a seven-segment liquid-crystal display (LCD) that can perform arithmetic operations. A modern scientific calculator with an LCD. An electronic calculator is typically a portable electronic device used to perform calculations, ranging from basic arithmetic to complex mathematics.

  6. Time value of money - Wikipedia

    en.wikipedia.org/wiki/Time_value_of_money

    Time value of money. The present value of $1,000, 100 years into the future. Curves represent constant discount rates of 2%, 3%, 5%, and 7%. The time value of money refers to the fact that there is normally a greater benefit to receiving a sum of money now rather than an identical sum later. It may be seen as an implication of the later ...

  7. Slide rule - Wikipedia

    en.wikipedia.org/wiki/Slide_rule

    Slide rule. Typical ten-inch (25 cm) student slide rule (Pickett N902-T simplex trig) A slide rule is a hand -operated mechanical calculator consisting of slidable rulers for evaluating mathematical operations such as multiplication, division, exponents, roots, logarithms, and trigonometry.

  8. Present value - Wikipedia

    en.wikipedia.org/wiki/Present_value

    In economics and finance, present value (PV), also known as present discounted value, is the value of an expected income stream determined as of the date of valuation.The present value is usually less than the future value because money has interest-earning potential, a characteristic referred to as the time value of money, except during times of negative interest rates, when the present value ...

  9. TI-30 - Wikipedia

    en.wikipedia.org/wiki/TI-30

    The original TI-30. The TI-30 is a scientific calculator manufactured by Texas Instruments, the first model of which was introduced in 1976.While the original TI-30 was discontinued in 1983 after several design revisions, TI maintains the TI-30 designation as a branding for its low and mid-range scientific calculators.

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