BAI Exam 1
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Last updated 2:43 PM on 10/7/26
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7 Terms
1
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For Linear Applications with multiple options
use two cost functions
2
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To Know when PVA
If they buy something and have to break it up into payments
3
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Cost Function
C(x)= variable cost(variable) + Fixed costs
4
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Revenue function
Selling price x (variable)
5
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Interest paid
Prior balance x i
6
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Principle reduction
payment - int paid
7
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balance
previous balance - princ reduc