words idk Flashcards
1
Q
n
A
number of compounding periods nxt
ex: compounding month over 5 years (5x12)
12 months in a year
2
Q
I
A
annual rate the percent
3
Q
PV
A
present value (this can be either positive or negative)
4
Q
PMT
A
payments made at the end of each compounding period (like monthly payments or extra money given)
5
Q
FV
A
future value (always opp sign of PV)
6
Q
if YOU are putting money INTO an account (like bank) is it positive or negative
A
negative
7
Q
IF you are withdrawing (you take out $ from bank is it positive or negative
A
positive (ex: loan)
8
Q
loan? pos or neg
A
pos
9
Q
finance pos or neg
A
pos
10
Q
investment?
pos or neg
A
neg
11
Q
credit card debt
A
pos
12
Q
finance
A
pos
13
Q
deposits (pos or neg)
A
neg
14
Q
car loan
A
pos
15
Q
mortgage
A
pos
16
Q
A
