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Prelim 1: Mathmod - Coggle Diagram

- - - - Principal (P)
        
        P=F- I
        
        sum of the money invested
      - Rate of interest (r)
        
        r = I/Pt
        
        paid on the loan
      - time or term (t)
        
        t = I/Pr
        
        number of time in which money is borrowed
        
        Year = whole number, the subtract whole number
        
        Months= difference is multiplied by 12, then subtract whole number
        
        Days = Multiplied by 30 and round off
    - - amount paid for the used of borrowed money
- - - - Annually m = 1
      - Semi-annually m = 2
      - Quarterly m = 4
      - Monthly m = 12
    - - n = t x m