Mathematics of Finance |
Common terms and phrases
30 days adjusted gross income algebraic annual premium annuity due answer antilog arithmetic mean bank discount base bond cent Check common fraction comparison date compound amount compound interest compounded annually compounded monthly compounded quarterly compounded semiannually computed as follows conversion period cost deductions deferred denominator deviation discount rate Divide divisor equal equal payments equation equivalent EXERCISE face value factor Find the amount gross profit rate income statement interest periods investment itemized deductions logarithms mantissa maturity value money is worth monomial Multiply nominal interest rate nominal rate obtained operating expenses ordinary annuity payable payment interval periodic payments present value principal purchase price quarter quotient radicand rate compounded ratio Refer to Problem remainder Section selling price simple interest single payment single premium sinking fund Solve Statement Problems STEP Substituting the values Subtract Table term values in formula whole life annuity yield rate