How to Calculate the Kelly Formula?

Answer The Kelly formula (also know as Kelly criterion and Kelly strategy) is a betting strategy often used in horse racing and poker. The formula is designed to give you the best growth rate and is often... Read More »

Top Q&A For: How to Calculate the Kelly Formula

How to Calculate APR Formula?

Most loans are expressed as an APR, or annual percentage rate. An APR is the effective total cost of borrowing and includes all interest, fees and points paid. The actual APR of a loan can someti... Read More »

What is the formula to calculate BMI?

The formula for BMI, or body mass index, using kilograms and meters is weight (kg) / height (m)^2. The formula for BMI using pounds and inches is (weight in pounds/height in inches^2) x 703. (Note ... Read More »

How to Calculate Future Value Formula?

A future value calculation shows how much a sum of money will be worth at a certain point into the future when earning a set interest rate. Future value is useful for calculating returns on such in... Read More »

What formula is used to calculate car payments?

The formula to calculate car payments is P*(R/12) / (1-(1+R/12)^-M), where P is the principal amount you borrowed, R is the annual interest rate expressed as a decimal, and M is the number of money... Read More »