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Questions and Answers
What is the definition of a bond?
What is the definition of a bond?
- An investment in stocks of a corporation.
- A loan provided to an organization like the government. (correct)
- A type of real estate investment.
- A share of ownership in a company.
Which of the following statements best describes a tautology?
Which of the following statements best describes a tautology?
- A proposal that is sometimes true and sometimes false.
- A statement that can be true or false depending on conditions.
- A logical statement that cannot be determined.
- A compound statement that is always true. (correct)
What is a fallacy in propositional logic?
What is a fallacy in propositional logic?
- A compound statement that is false in all cases. (correct)
- A logically contradictory statement.
- A statement that is always valid.
- A type of simple proposition.
Which type of proposition combines simpler propositions using logical connectors?
Which type of proposition combines simpler propositions using logical connectors?
In the context of Simple Interest, what does the principal indicate?
In the context of Simple Interest, what does the principal indicate?
What is the principal amount in the context of borrowing or investing?
What is the principal amount in the context of borrowing or investing?
How is simple interest calculated?
How is simple interest calculated?
What does the maturity value represent?
What does the maturity value represent?
What does an annuity consist of?
What does an annuity consist of?
What is the period of deferral in a deferred annuity?
What is the period of deferral in a deferred annuity?
Which of the following best describes compound interest?
Which of the following best describes compound interest?
What is a stockholder?
What is a stockholder?
What does the term 'cash flow' refer to?
What does the term 'cash flow' refer to?
Flashcards
Simple Interest
Simple Interest
Interest calculated only on the principal amount, not on accumulated interest.
Principal
Principal
The initial amount of money borrowed or invested.
Compound Interest
Compound Interest
Interest calculated on both the principal and the accumulated interest.
Future Value (Maturity Value)
Future Value (Maturity Value)
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Ordinary Time (Banker's Rule)
Ordinary Time (Banker's Rule)
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Annuity
Annuity
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Deferred Annuity
Deferred Annuity
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Stockholder
Stockholder
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Bond
Bond
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Compound Proposition
Compound Proposition
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Tautology
Tautology
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Simple Interest
Simple Interest
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Conditional Statement
Conditional Statement
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Study Notes
Simple Interest
- Calculated by multiplying interest rate, principal, and time
- Principal: Amount borrowed or invested initially
- Rate: Percentage charged by lender or investment increase
- Interest: Amount paid or earned for using money
- Maturity Value/Future Value: Principal + accumulated interest over time
- Time/Term: Years, days, or months of loan/investment
- Ordinary Time/Banker's Rule: Assumes each month has 30 days (360 days per year)
- Exact Time/Actual Time: Uses exact number of days (365 days per year)
Compound Interest
- Interest calculated on principal and accumulated past interest
- Annuity: Series of equal payments at fixed intervals
- Payment Interval: Time between payments
- Term of Annuity: Time between first and last payments
- Regular/Periodic Payment (R): Amount of each payment
- Future Value (F): Sum of all future values of payments
- Present Value (P): Sum of all present values of payments
Present Value and Future Value of an Annuity
- Future Value: Sum of future values of all annuity payments
- Present Value: Sum of present values of all annuity payments
- Deferred Annuity: Annuity payments begin after an initial delay
- Period of Deferral: Time between purchase and annuity start
- Stock: Part ownership in a company
- Stockholder: Owner of company stock
- Dividend: Company profit distributed to shareholders
- Bonds: Loans made to organizations (like governments)
- Bondholder: Owner of bonds
- Par Value/Face Value: Amount borrowed for bonds
- Proposition: Declarative statement (true or false)
- Compound Proposition: Proposition created by logical connectors
- Conditional Statement: Hypothesis followed by a conclusion (if-then)
- Tautology: A compound statement always true
- Fallacy: A compound statement always false
- Contingency: Compound proposition with both true and false values
Savings
- Simple Interest
- Finding Time in Simple Interest
- Finding Principal in Compound Interest
- General Annuity
- Rate per Conversion Period
- Conversion Period/Frequency
- Deferred Annuity
- Dividend per Share
- Proportional Logic Table/Truth Table
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