IB Exam Prep

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5 Terms

1
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what is the difference between each term and the term preceding it in an arithmetic series called?
common difference
2
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what is the ratio of each term in relation the term preceding it in a geomteric series called?
common ratio
3
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what is the formula for simple interest?
I \= Prt
4
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what is the formula for present value?
\
5
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what is the formula for future value?
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