Definitions
What is a loan?
Sum of money you borrow and will eventually repay to its lender
What is U5 of [2, 3, 8, 19...]
46
How do you get to TVM?
Apps, 1, 1
Simple and Compound interest
What is the type of math in which you find the area of a shape (cylinder, square, circle, etc...)
GEOMETRY
What is debt?
an obligation to pay or return something—usually money—to another party
What is U10 of [-7, -6, -5, -4...]
2
What is FV if:
N=240, I%=10, PV=86.35, PMT=-100, P/Y=12, C/Y=12 PMT:BEGIN
FV=75936.88
Which type of interest grows exponentially?
Compound interest
What is the Pythagorean Theorem formula?
a^2 + b^2 = c^2
What does TVM stand for?
time value of money
What is U10 of Un=2n+3
23
How do you get N?
Total amounts of months/ 12*number of years
How is compound interest calculated?
FV=PV(1+r/100k)^k(n)
List the first 5 terms of the Fibonacci Sequence
0, 1, 1, 2, 3, ...
What are investments?
Putting money or resources into an account in expectations of it growing and creating more of whatever
393=8+(n-1)7
What is N?
56
Why is PMT negative at times?
Because it is the money you pay back
True or False
Interest can apply to both investment and debt
True
3.141592653...
What is a sequence?
Set of numbers with a particular pattern or order
Un=50+(18-1)25
what is Un?
475
what does c/y mean?
compounding periods per year
What is depreciation?
Losing value
What mathematician discovered i?
Leonhard EULER