financial literacy

0.0(0)
studied byStudied by 0 people
0.0(0)
full-widthCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/13

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

14 Terms

1
New cards

Simple Interest

A= P( 1+ rt )

2
New cards

Compound Interest

A= P( 1+ r/n )^nt

3
New cards

A stands for…

A= Final Amount

4
New cards

P stands for…

P= Initial Principal Balance

5
New cards

r stands for…

r= Interest Rate

6
New cards

n stands for…

of times interest applies

7
New cards

t stands for…

of time periods

8
New cards

Annual Percentage Yield (APY)

A = P(1 + r/n)^nt

9
New cards

Loan Formula

Loan = (PMT) [1-(1+r/n)^-nt

10
New cards

Subsidized student loan

No interest added during schooling

11
New cards

Non-subsidized student loan

the simple interest (I = Prt)

12
New cards

Tax

% (or rate) x income = ___

13
New cards

Minimum monthly payment

rate x credit balance = ___ then compare

14
New cards