Genmath

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By PreferableJasper4099

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Flashcards

33 Questions

Two annual rates with different conversion period that will earn the same maturity value for the same time/term.

Rate when compounded annually will give the same compound each year with the nominal rate; denoted by 1^i

Annual interest rate

Payments by installment are done periodically and in equal amounts

the time between successive payments

sequence of payments made at equal/fixed intervals or periods of time

annuity where the payment interval is the same as the interest periods

annuity where the payment interval is not the same as the interest period

type of annuity in which the payments are made at the end of each payment interval; also known as "Annuity Immediate"

annuity in which payments begin and end at definite times

type of annuity in which the payments are made at the beginning of each payment intervals

annuity in which the payments are extend over an indefinite lenght of time

time between the first payment interval and last payment interval

amount of each payment

sum of the future value of all the payments to be made during the entire term of annuity

sum of the present values of all the payments to be made during the entire term of annuity

refers to the time between successive period of annuity

the size of each annuity payment

annuity that does not begin until a given time interval has passed

time between the purchase of an annuity and the start of the payment for the deferred annuity

invests money or make funds available

owes the money or avail funds from the lender

date in which the money is received by the borrower

date on which the money borrowed is to be completely repaid

amount of time in years the money is borrowed or invested, length of time between the origin and maturity

amount of money borrowed or invested on the origin date

annual rate, usually in percent, charged by the lender

amount paid or earned for the use of money

interest that is computed on the principal and then added to it

interest is computed on the principal and also on the accumulated past interest

amount after t years that the lender receives from the borrower on the maturity date

time between successive conversions of interest

number of conversion periods in one year

Description

includes interest up to annuities

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