Core CFA Level 1 formulas (time value of money, quant, financial ratios) as cloze cards.
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- The present value of a future cash flow is calculated as PV = ____
- FV / (1 + r)^n
- The future value of a present lump sum is calculated as FV = ____
- PV × (1 + r)^n
- Net Present Value is calculated as NPV = ____
- sum of (CF_t / (1 + r)^t) - Initial Investment
- The Internal Rate of Return is the discount rate where ____
- NPV = 0
- The present value of an annuity due (payment at start of period) is PV = ____
- PMT × ((1 - (1 + r)^-n) / r) × (1 + r)
- The present value of an ordinary annuity (payment at end of period) is PV = ____
- PMT × ((1 - (1 + r)^-n) / r)
- The present value of a perpetuity is calculated as PV = ____
- PMT / r
- The Effective Annual Rate is calculated as EAR = ____
- (1 + r/m)^m - 1
- The Coefficient of Variation is calculated as CV = ____
- Standard Deviation / Mean
- Correlation between two variables is calculated as r = ____
- Covariance / (SD_X × SD_Y)
- Covariance between two variables X and Y is Cov(X,Y) = ____
- E[(X - E(X))(Y - E(Y))]
- The standard deviation is the square root of ____
- variance
- Expected return on a portfolio is calculated as E(R_p) = ____
- sum of (weight_i × R_i)
- Portfolio variance with two assets is Var(R_p) = ____
- w_A^2 × SD_A^2 + w_B^2 × SD_B^2 + 2 × w_A × w_B × Cov(A,B)
- Beta is calculated as Beta = ____
- Covariance(R_stock, R_market) / Variance(R_market)