1. What is a sequence? Provide an example with your explanation.
2. What is a sequence for? Give an example of a sequence that you might encounter.
3. What is the difference between the present value of an investment and the present value of an annuity? How are they computed? What is amortization? How are the payments computed?
4. How does the maturity value of simple interest A = P(1 + rt) compare to the maturity (future) value of compound interest? The formula for the maturity value of compound interest is A = P(1 + i)n, where i = m/n and n = m*t.