Solving Harder Financial Problems (VCE SSCE General Mathematics): Flashcards
📚Flashcards
Practise the cards
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Practise the cards
10 cards from this deck
Approach when financial conditions change mid-term
Approach when financial conditions change mid-term
Solve in two parts: before change and after change
When to round in multi-step financial calculations
When to round in multi-step financial calculations
Never round until the end; use full unrounded values
from first period in second period
from first period in second period
Becomes the (present value) for the second period
in finance solver
in finance solver
Number of payment periods
in finance solver
in finance solver
Annual interest rate as a percentage
in finance solver
in finance solver
Present Value (initial amount)
in finance solver
in finance solver
Payment amount per period
in finance solver
in finance solver
Future Value (final amount)
Sign for money invested or paid out
Sign for money invested or paid out
Negative
Converting years to monthly periods
Converting years to monthly periods
Multiply years by 12