Financial Applications
Simple Interest
A=P+I
I=Prt
Compounding Interest
The time, n, is
the amount of time multiplied
by the compounding period.
The interest is the rate, r,
by the compounding period.
A=P(1+i)^n
Annuities
Annuities are compounding
interests where you are
adding more money into
the account as time goes
on, alongside with the
interest earned on the money
from before.
Future Value
FV=R(((1+i)^n)-1)/i
Present Value
PV=R(1-(1+i)^-n)/i
Math
Series / Sequences
Geometric
Geometric Series / Sum Formula
Sn=a(r^n-1)/r-1
Geometric Sequence
ar^n-1
Arithmetic
Arithmetic Sequence
a+d(n-1)
Arithmetic Series / Sum Formula
Sn=n(2a+d(n-1))/2
Sn=n(a+tn)/2
Sequence
A sequence is a set of numbers
that have no set end to them.
Ex: 3, 6, 9, 12, 15, ... this would go on
forever
Series
A series is a set of numbers that
have an end to them.
Ex: the keys on a keyboard
General Trig
Trig Problems
Unit circle
This is the CAST rule
Special Angles
Angles for 45°
Angles for: 30° and 60°
2D Problems
Ambiguous Case
h=asinB
3D Problems
Identities
1=(cosx)^2+(sinx)^2
cotx=1/tanx
cscx=1/sinx
secx=1/cosx
tanx=sinx/cosx
Functions
Function Definitions
Continuous:
A function where numbers can be
any value within a set.
Ex: time it took to complete some task
at any point you could say 1/2 of a second,
1 microsecond,
1 minute but there is a defined set if the task for example took 10 minutes.
Recursive:
tn=t(n-1)....
A function that calls upon previous
numbers within the function.
Ex: the Fibonacci sequence that
uses the previous numbers in the sequence
to make the new number.
Discrete:
A function that has specific data set.
Aka: several points in data.
Ex: # of students in a class, only a set #
as you cannot have 1/2 of a student.
Exponential Function
Growth Model
f(x)=A₀(1+i)^x
f(x)=ar^x
Decay Model
f(x)=ar^x (where r is a decimal / fraction)
4 Primary Functions
Reciprocal
f(x)=1/x
Absolute
f(x)=|x|
Rational
f(x)=√x
Quadradic
f(x)=x^2
Trig Functions
Cosine Waves
f(x)=acos(k(x-h))+c
Sine Waves
f(x)=asin(k(x-h))+c
(x,y)---}((x/k)+h,ay+c)