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Proposit Rational

ion Inequalities
A sentence which is either true or Inequalities containing rational
false but not both. It is usually terms, either in the numerator or
representing by a capital letter denominator, or both.
called the propositional variable.

Rate of Simple
Interest ( r )
The proportion of a loan that is
Annuity
Annuity where the payment interval
charged as interest to the coincides with the interest
borrower, typically expressed as an conversion period.
annual percentage of the loan
outstanding.
Simple
Rational Interest
Interest that is calculated on an
Equation
Equations containing rational
original sum of money and not also
on interest which has previously
terms, either in the numerator or
been added to the sum.
denominator, or both

Rational
Function
Any function which can be defined
by a rational fraction.

Simple Term of
Interest
A note where the value stated on
Annuity
In Annuity, it is time from the
the note is called the face value and beginning of the term to the end
it corresponds to the principal, the of the last one.
total amount to be repaid is called
the maturity value of the note, and
the date on which the total amount Values of
is due is called the maturity date. Obligation
The set of specified sums of
payments on designated date.
Simple
Proposition
A proposition composed of only Vertical
one propositional variable
Lineto Test
Used determine if a graph
represents a function. If a vertical
Solving Logarithmic line is drawn to any part of the graph
and intersects the graph in one and
Inequality
a) If b > 1 and logb x logb y, then x < y only point, then the
graph represents a
b) If b > 1 and logb x > logb y, then x < y
function.
c) if 0 < b < 1 and logb x > logb y, then x < y
d) If 0 < b < 1 and logb x < logb y, then x > y
Length of Maturity
Time (t) Value
In interest, the amount of time or The amount payable to an investor
term between the origin date and at the end of a debt instrument's
maturity date. holding period (maturity date)

Natural Logarithmic
Logarithmic Function
Equation A function uses the number e as the
Equation that contains logarithmic base and is defined as f(x)=ln e.
expressions and constants.

Logarithmic Not
Function e
The inverses of exponential functions. (sometimes called promissory
The logarithmic function with base b is note) is a written promise on the
part of a person or business, called
defined by f(x)= 〖log〗b or y=〖log〗
the maker of the note, to pay
bx where b>0 and b ≠1. another person of business, called
the payee, within a specified period
Logarithmic of time.
Inequality
An inequality that contains logarithm
denoted with < or >.

Ordinary Piecewise
Annuity
An annuity where payments are
Function
A function defined by two or
made at the end of each payment more formulas on different parts
interval. of its domain.

Payment of Present
Interval Value
In annuity, the current value of a
In annuity, the time between each
set of cash flows in the future,
payment.
given a specified rate of return
or discount rate.
𝑺𝒊 𝒕
𝒍𝒐𝒈 ቀ +𝟏ቁ
𝑹
𝒏= 𝐥𝐨𝐠(𝟏+𝒊) Princi
pal
Denoted by p, it is The amount
of money deposited or
borrowed from the lender.
Perpetuity
Annuity
An annuity with definite beginning
date but no ending date
Equation of Exponential Growth of
Value
An equation stating the sum of
Population
A population's per capita (per
values received or borrowed and individual) growth rate stays the
the sum of values of payments same regardless of population size,
based on a comparison making the population grow faster
and faster as it gets larger.
Exponential Decay
of Population
When a population or group of A0 e k t
something is declining, and the where:
amount that decreases is
proportional to the size of the A(t) = population at time t
population, where the total value Ao = population at time t= 0
decreases but the proportion that t = time
leaves remains constant over time. k = constant

Focal
B0 e-kt Date
The common date based on the
where:
choice that will make the solution
B(t) = population at time t for the equation of values
Bo = population at time t= 0 convenient to solve.
t = time
k = constant

Funct Interest
ion
A correspondence between two Money paid regularly at a
sets, the domain, and the range; particular rate for the use of
such that for each value in the money lent, or for delaying the
domain, there corresponds exactly repayment of a debt.
one value in the range.
Inverse
Function
A function that undoes the
action of the another function. A
function is the inverse of a
function if whenever y = f ( x )
then x = g ( y ).

General
Annuity Laws of
An annuity where the payment
interval does not coincide with the Logarithm
These allow expressions involving
logarithms to be rewritten in a
interest conversion period.
variety of different ways.
a) logb xy=logb x = log, y
Half -Life b) logb (x/y) =logb x – logb y
c) logb (xn) =n log, x
The time required for any specified
d) if logbx =logb y, then x = y
property (e.g., the concentration of
a substance in the body) to
decrease by half.
Annui
ty
A series of equal periodic
General
Mathematics payments or deposits where the
interest on each one is compound

Actual
Time Approximate
Obtained by counting each day of
Time
Obtained by assuming that every
every month of the term excluding
the origin date. month has 30 days and then
counting again each day of every
month excluding the origin date.
Amortizat
ion Asymptote of a
A form if annuity where the original
amount of debt or loan is the
Function
It is the line where the graph of a
present value of annuity. function approaches and gets
closer but will never cross it.

Amortization of
Bank
aTheDebt
extinction of the debt by any Discount
Short-term obligation (promissory
satisfactory set of payments.
note) sold at a discount on its par
value in lieu of paying interest.

Certain Compound
Annuity
An annuity with definite beginning Proposition
Propositions composed of sub
and ending dates. propositions and various
connectives or logical operators
Common
Logarithm Contingent
A logarithm that uses 10 as the Annuity
base. If the base is not indicated, it An annuity whose amount of
is understood that it is a common payment (or the payee) is not
logarithm certain and depends on a
specific future event
Compound
Interest Continuous
An interest calculated on the initial Compounding
principal and also on the The process where the money
accumulated interest of previous increases the value of m beyond
periods of a deposit or loan all bound or where the interest
is compounded daily.

Deferred
Annuity
An annuity where payments are
made at the end of each
payment interval, with the first
payment made on a later date