11.6 Outline

1. Present value of an annuity
1. definition
2. formula
3. calculator
2. Monthly payments
1. define amortization
2. formula
3. calculator
4. distinguish add-on simple interest and amortization

11.5 Outline

1. Ordinary Annuities
1. lump-sum problems
2. periodic-payment problems
3. definition
4. monthly payment
5. ordinary annuity formula
6. future value formula
2. Sinking funds
1. definition
2. sinking fund formula
3. Using a calculator for financial problems

11.4 Outline

1. Finite series
1. define series
2. definition
3. alternating series
2. Summation notation
1. definition
2. sigma notation
3. evaluate a summation
4. expand a summation
3. Arithmetic series
1. definition
2. formula
4. Geometric series
1. definition
2. formula
5. Infinite geometric series
1. definition
2. partial sums
3. formula
6. Summary of sequence and series
See the whole entry

11.3 Outline

1. Sequences or Progressions
2. Arithmetic sequences
1. define sequence
2. definition
3. general term
3. Geometric sequences
1. definition
2. general term
4. Fibonacci-type sequences
1. definition
2. general term
5. Procedure for classifying sequences

11.3 Essential Ideas

An arithmetic sequence is a sequence whose consecutive terms differ … See the whole entry

11.2 Outline

1. Terminology
1. types of installments
1. closed-end loan
2. open- end loan
2. ways of calculating interest
2. amortization
1. installment loan formulas
3. Annual percentage rate (APR)
1. APR formula
2. compare 0% financing with APR
4. . Open-end
See the whole entry

11.1 Outline

1. Amount of simple interest
1. interest/interest rate
2. principal/present value
3. time
4. simple interest formula
2. Future value
3. Interest for part of a year
1. exact interest
2. ordinary interest
3. time ordinary interest
4. future value formula (simple interest)
4. Compounding interest
1. compound interest
2. compounding annual
See the whole entry