8th Grade Math: Unit 03 Flashcards

Front

annual percentage rate applied to the balance on a loan

Back

annual percentage rate (APR)

Front

What is the term for 'a high-interest, short term loan of cash for which an automobile title is required as collateral'?

Back

car title loan

Front

What is the term for 'a number that is multiplied by a variable(s)'?

Back

coefficient

Front

something which is pledged to secure repayment of a loan; in the event of default on the loan, the collateral is forfeited

Back

collateral

Front

Interest for a loan that is calculated on the latest balance, including all compounded interest that has been added to the original loan principal.

Back

compound interest for a loan

Front

Interest that is calculated on the latest balance, including all compounded interest that has been added to the original principal investment.

Back

compound interest for an investment

Front

What is the term for 'a fixed value that does not appear with a variable(s)'?

Back

constant

Front

What is the term for 'buying or obtaining goods or services now with an agreement to pay in the future'?

Back

credit

Front

a mathematical statement composed of algebraic and/or numeric expressions set equal to each other

Back

equation

Front

What is the term for 'a mathematical statement composed of algebraic and/or numeric expressions set apart by an inequality symbol'?

Back

inequality