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The colour made by mixing red and blue.
What is purple?
A rule to generate a sequence that has two parts.
What is a recurrence relation?
When the value of large item gradually decreases.
What is depreciation?
The initial amount that is invested or borrowed.
What is the principal?
The function on a CAS calculator that performs financial calculations.
What is finance solver?
The correct name for a baby swan.
What is a cygnet?
A list of numbers or symbols written in succession, for example: 55, 1515, 2525,
What is a sequence?
When a constant amount is subtracted from the value of an item at regular time intervals. An example of linear decay.
What is flat rate depreciation?
A loan where the regular payments made are equal in value to the interest charged.
What is an interest only loan?
A loan that attracts compound interest but is reduced in value by making regular payments.
What is a reducing balance loan?
1990 AFL premiers.
Who are Collingwood?
3, 9, 81, 243
What is V0 = 3 Vn+1 = 3Vn
When the value of an item decreases as a percentage of its value after each time period. Also an example of geometric decay.
What is reducing balance depreciation?
The value of a loan or investment at any time during the loan or investment period.
What is the balance? or What is the Present Value?
Each number or symbol that makes up a sequence.
What is a term?
The colours of the flag of Finland.
What are white and blue?
The interest rate per compounding period.
What is r?
The value of an item at which it is βwritten offβ or is considered no longer useful or usable.
What is scrap value?
The time period for the calculation of interest.
What is a compounding period?
That weird table thingy that shows what's happening in a loan or investment.
What is an amortisation table?
The name of Mr Miller's daughter.
What is Nancy?
V0= principal, ππ+1= π ππ.
What is a recurrence model for compound interest investments and loans that compound yearly?
π0= initial value of the asset, ππ+1 = ππβπ·
What is the recurrence model for unit-cost depreciation?
The interest earned or charged by an investment or loan, written as a percentage of the original amount invested or borrowed.
What is the effective rate?
An annuity where the regular payments or withdrawals are the same as the interest earned
What is a perpetuity?