Section 11.7: Summary of Financial Formulas

11.7 Outline

  1. Definition of variables
  2. Classification of financial formulas
    1. simple interest formula
    2. compound interest formula
    3. future value problem
    4. present value problem
    5. ordinary annuity
    6. present value of an annuity
    7. sinking fund
    8. amortization

11.7 Essential Ideas

11.7.1See the whole entry

Section 5.1: Natural Numbers

5.1 Outline

  1. Basic concepts
    1. counting numbers
    2. natural numbers
    3. addition
  2. Closure property
    1. definition
    2. closed/not closed
  3. Commutative and associative properties
    1. commutative property for addition
    2. associative property for addition
    3. definition of multiplication
    4. closure for multiplication in the set of natural numbers
    5. commutative property
See the whole entry