GENMATH COMPOUND INTEREST

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Last updated 11:59 PM on 8/4/26
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11 Terms

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Principal

money borrowed or invested in the origin date

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interest

amount paid or earned

3
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rate

usually in percent

4
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time or term

time of years or length of time

5
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compound interest

interest calculated on both the initial principal

6
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conversion of interest

time between the successive conversion of interest

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n = m × t

formula for nominal rate

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annuity

series of equal payments

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cash flow stream

money in money out

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loan

money borrowed must be paid back with interest

11
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amortization

spreading out a loan