Exponential Functions and Logarithms Flashcard Review

Front

What is an exponential function?

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Front

What does APR stand for in finance?

Back

APR stands for Annual Percentage Rate, which is the annual rate charged for borrowing or earned through an investment, expressed as a percentage.

Front

How do you calculate the present value of an investment compounded continuously?

Back

Front

What is the formula for compound interest compounded daily?

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Front

What is the effective interest rate?

Back

The effective interest rate is the interest rate on a loan or financial product restated from the nominal interest rate as an interest rate with annual compound interest.

Front

How do you find the value of an exponential function at a specific point?

Back

Front

What is the significance of the base in an exponential function?

Back

The base of an exponential function determines the rate of growth or decay. If the base is greater than 1, the function represents exponential growth; if it is between 0 and 1, it represents exponential decay.

Front

What is the relationship between logarithms and exponents?

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Front

How do you convert an exponential equation to a logarithmic equation?

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Front

What is the natural logarithm?

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