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- Exponential and Logarithmic functions

Still Confused?

Try reviewing these fundamentals first

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Try reviewing these fundamentals first

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Get Started Now- Lesson: 18:48
- Lesson: 26:20

In this section, we will revisit the connection between mathematics and finance, but from a different perspective. We will see how a slight variation of the Compound interest formula can help us understand some of the core concepts in Finance – Future value and Present value.

Related Concepts: Derivative of inverse trigonometric functions, Derivative of logarithmic functions

future value and present value: ${ FV = PV (1+\frac{r}{n})^{nt}}$

${FV}$: Future Value

${PV}$: Present Value

${r}$ : Annual interest rate

${t}$: total time given in**years **

${n}$ : number of times compounded in a year, if

${FV}$: Future Value

${PV}$: Present Value

${r}$ : Annual interest rate

${t}$: total time given in

${n}$ : number of times compounded in a year, if

Compound daily: |
n = 365 |

Compound monthly: |
n = 12 |

Compound quarterly: |
n = 4 |

Compound semi-annually: |
n = 2 |

Compound annually: |
n = 1 |

- 1.What is the future value of $30,000 which grows at an annual interest rate of 11%, compounded monthly, for three years?
- 2.What is the present value of $15,000 sixteen months from now if the annual discount rate is 10%, compounded quarterly?

6.

Exponential and Logarithmic functions

6.1

Converting from logarithmic form to exponential form

6.2

Evaluating logarithms without calculator

6.3

Common logarithms

6.4

Evaluating logarithms using change-of-base formula

6.5

Converting from exponential form to logarithmic form

6.6

Product rule of logarithms

6.7

Quotient rule of logarithms

6.8

Combining product rule and quotient rule in logarithms

6.9

Solving logarithmic equations

6.10

Evaluating logarithms using logarithm rules

6.11

Continuous growth and decay

6.12

Finance: Compound interest

6.13

Exponents: Product rule $(a^x)(a^y)=a^{(x+y)}$

6.14

Exponents: Division rule ${a^x \over a^y}=a^{(x-y)}$

6.15

Exponents: Power rule $(a^x)^y = a^{(x\cdot y)}$

6.16

Exponents: Negative exponents

6.17

Exponents: Zero exponent: $a^0 = 1$

6.18

Exponents: Rational exponents

6.19

Graphing exponential functions

6.20

Graphing transformations of exponential functions

6.21

Finding an exponential function given its graph

6.22

Logarithmic scale: Richter scale (earthquake)

6.23

Logarithmic scale: pH scale

6.24

Logarithmic scale: dB scale

6.25

Finance: Future value and present value

We have over 830 practice questions in Precalculus for you to master.

Get Started Now6.1

Converting from logarithmic form to exponential form

6.2

Evaluating logarithms without calculator

6.3

Common logarithms

6.4

Evaluating logarithms using change-of-base formula

6.5

Converting from exponential form to logarithmic form

6.6

Product rule of logarithms

6.11

Continuous growth and decay

6.12

Finance: Compound interest

6.13

Exponents: Product rule $(a^x)(a^y)=a^{(x+y)}$

6.14

Exponents: Division rule ${a^x \over a^y}=a^{(x-y)}$

6.15

Exponents: Power rule $(a^x)^y = a^{(x\cdot y)}$

6.16

Exponents: Negative exponents

6.18

Exponents: Rational exponents

6.22

Logarithmic scale: Richter scale (earthquake)

6.23

Logarithmic scale: pH scale

6.24

Logarithmic scale: dB scale

6.25

Finance: Future value and present value