IB Exam Prep

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5 Terms

1

what is the difference between each term and the term preceding it in an arithmetic series called?

common difference

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2

what is the ratio of each term in relation the term preceding it in a geomteric series called?

common ratio

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3

what is the formula for simple interest?

I = Prt

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4

what is the formula for present value?

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5

what is the formula for future value?

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