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# MIS Chapter 6

### Vocabulary and Functions

The interest that is calculated without including any previously earned/owed interest. Simple Interest
The interest that is calculated by including any previously earned/owed interest. Compound Interest
The value of a loan or investment. Principal
A schedule detailing the payments of a financial transaction and the remaining principal in each period. Amortization Schedule/Table
The money flow into and out of a financial entity. Cash Flow
The function that calculates the periodic interest rate of a financial transaction. RATE Function
The function that calculates the duration of a financial transaction as expressed by the number of equal periods. NPER Function
The function that calculated the periodic payment of a financial transaction. This payment is assumed to be paid in equal periodic installments. PMT Function
The function that calculates the initial value of a financial transaction. PV Function
The function that calculates the value of the principal portion of a loan payment based on the original loan amount, periodic interest rate, and payment number. PPMT Function
The function that calculates the value of the interest portion of a loan payment based on the original loan amount, periodic interest rate and payment number. IPMT Function
The function that calculates the internal rate of return at which discounted cash flows in and out are equal. IRR Function
The function that calculates the accumulated value of the interest portion of the period payments of a financial transaction between two specified periods. CUMIPMT Function
The function that calculates the accumulated value of the principal portion of the period payments of a financial transaction between two specified periods. CUMPRINC Funtion
The function that evaluates the hurdle rate and the series of cash flow values and automatically calculates the discounted value. NPV Function
The function that calculates depreciation using the straight line method. SNL Function
The number of periods (years) it will take to pay back an original investment. Payback Period
The ratio of profits to initial investment. Return on Investment (ROI)
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