# General Mathematics 2Q Terminologies

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Interest

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## Tags and Description

Terminologies covered in the General Mathematics 2QE.

### 57 Terms

1

Interest

An amount charged to a borrower that is usually present in loans, credit cards, investments, and bank accounts.

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2

Simple and Compound Interest

The two types of interest.

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3

Principal

The amount borrowed or invested in a loan.

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4

Ordinary Interest

Interest that runs on a 360-day calendar.

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5

Exact Interest

Interest that runs on a 365-day calendar.

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6

Annually

Compounding period that compounds every year with n = 1.

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7

Semi-annually

Compounding period that compounds every 6 months with n = 2.

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8

Quarterly

Compounding Period that compounds every 3 months with n = 4.

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9

Monthly

Compounding Period that compounds every month with n = 12.

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10

Future Value/Maturity Value

The total amount at the end of the term with interest.

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11

Present Value

Principal needed to be invested now to provide regular payments for an annuity.

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12

Annuity

A sequence of fixed payments made at equal intervals that is subject to compound interest.

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13

Simple Interest

Interest charged only on the loan or investment amount.

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14

Compound Interest

Interest due at the end of a certain period is added to the principal and the sum earns interest for the next period.

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15

Certain Annuity

Annuity that is payable within a definite duration.

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16

Uncertain Annuity

Annuity that is payable within an indefinite duration.

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17

Simple Annuity

Annuity wherein the compounding period is equal or the same as the payment interval.

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18

General Annuity

Annuity wherein the compounding period differs from the payment interval.

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19

Ordinary Annuity

Annuity wherein the periodic payments are paid at the end of the payment interval.

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20

Annuity Due

Annuity wherein the periodic payments are paid at the beginning of the payment interval.

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21

Amortization

The gradual extinction of a loan over a period of time through a series of regular payments due at the end of each payment period.

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22

Amortization Schedule

A table showing how the borrower repays the loans with interest over time with regular payments.

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23

Deferred Annuity

Annuity that delays the start of payments until an agreed upon date.

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24

Period of Deferment

The length of time between a loan’s release and the first payments in Deferred Annuity.

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25

Bond

A promissory document issued by the debtor stating the amount of debt and a pledge to repay the loaned amount.

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26

Face Value

The price of a bond.

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27

Maturity

The time period until the loan is paid back in a bond.

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28

Coupon

Periodic payment that the bondholder receives between the purchase date of the bond and its maturity date.

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29

Coupon Rate

The interest rate of the bond.

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30

Term of a Bond

A fixed period of time in years at which the bond is redeemable.

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31

Stocks

Equity securities that represent a share or portion in a company. This is an investment instrument used to build wealth.

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32

Dividend

Part of a company’s profit that is distributed to the stockholders.

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33

Dividend per Share

The ratio of the dividend to the number of shares.

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34

Stockholder’s Dividend

The profit of the stockholders.

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35

Market Value.

The price of a stock in the current market.

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36

Stock Yield

The ratio of Dividend per Share and Market Value per share.

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37

Par Value

Per share amount stated on the company certificate that remains stable over time.

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38

Efficient Market Theory

Theory stating that the stock market reacts very fast to any information, and that the market contains the total views of all the investors in the market. It also stipulates that the current price of the stock is the accurate reflection of the knowledge of the stockholders about the stock.

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39

Stock Market Index

The measure of the value of a section of the stock market computed from the price of selected stocks.

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40

Loan lent to companies and corporations to fund their businesses.

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41

Consumer Loans

Loan lent to individuals for personal expenses.

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42

Term Loan

Long-term or short-term business loan that lends the loan amount in a lump sum credited to borrower’s deposit account.

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43

Credit Line

A short-term business loan that provides quick access to money demand. Loan is valid for 1 year and can be renewed.

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44

Business loan with lower interest rates, longer loan terms, and higher loan amounts that requires collateral.

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45

Business loan with higher interest rates, shorter loan terms, and lower loan amounts that does not require collateral and is harder to qualify for.

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46

Mortgage

Consumer loan used to finance real estate purchases.

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47

Auto Loan

Consumer loan used to finance automobile or vehicular purchases.

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48

Credit Card

Consumer loan used to finance everyday purchases.

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49

Student Loans

Consumer loan used to finance education.

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50

Proposition

A declarative sentence that can either be true or false with its truth value being denoted with either T or F.

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51

Simple Proposition

Proposition that cannot be broken down into other component propositions.

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52

Compound Proposition

Simple propositions combined with logical connectors.

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53

Negation

Denoted with ~

not p.

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54

Conjunction

Denoted with ^

p and q

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55

Disjunction

Denoted with v

p or q

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56

Conditional

Denoted with →

if p then q

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57

Biconditional

Denoted with <--→

p if and only if q

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