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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

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