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Math 1052 Review

What does the variable "i" represent?
Amount of interest
Periodic interest rate
Which variable do we use to represent the total number of compounding periods?
N
M
What is the "accumulated" value of an investment earning compound interest?
FV - future value
PV - present value
How many compounding periods does an investment have if the interest rate is 4% compounded semi-annually for 3 years.
6
4
What kind of graph does a simple interest loan create?
Linear
Exponential
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