Muksian Text

The flashcards below were created by user lalonzo on FreezingBlue Flashcards.

What is the general equation for simple interest?

I=P(r)(t)
What is the equation for ordinary interest?

I=P(r)(t_o)
t_o represents what formula?

$chart?chf=bg,s,00000000&cht=tx&chl=%5Cfrac%7BN%7D%7B360%7D&chs=52x66$
How many days are used when calculating ordinary interest?

360
What is the equation for exact interest?

I=P(r)(t_e)
t_e represents what formula?

$chart?chf=bg,s,00000000&cht=tx&chl=%5Cfrac%7BN%7D%7B365%7D&chs=52x66$
How many days are used when calculating exact interest?

365
When calculating the number of days between two dates, exclude the _____ date, but include the _____ date.

starting, final

Author

320098

Card Set

Muksian Text

Description

Companion to Robert Muksian's, Mathematics of Interest Rates, Insurance, Social Security, and Pensions.

Updated

2016-05-14T19:28:55Z

Show Answers