Chapter 8 Quiz 2 Study Guide
This is to help you study for your quiz over the first half of Chapter 8.
Do not only memorize this guide word for word, you should be prepared to show that you understand the terms and ideas listed below.
- Ascending is low to high. Know the button for Ascending order
- Descending is high to low. Know the button for Descending order
- An IF fucnction will make a decision based on a comparison
- =IF(<comparison>, <value if true>, <value if false>)
- the relational operators = (equal), < (less than), > (greater than), <= (less than or equal to), >= (greater than or equal to), <> (not equal to)
- Principal is the amount of money owed
- Interest in the rate that the amount owed grows
- Term is the length of the loan
- =PMT(rate, term, principal)