Name: ____________________________ Date: _______________________

MCR3U – Series and Financial Test

	Please be reminded that Test #2 will be on Thursday, March 29th, 2007.  Please have some work with you for when you finish early, and you may bring a MP3 player with you if you wish to work with music.

 	You will be expected to know the following formulas and when to use them:

	General Term of an Arithmetic Sequence
	Sum of an Arithmetic Series

		General Term of a Geometric Series
		Sum of a Geometric Series

		Savings on a single deposit	
	Savings with regular deposits (annuities)
	Present value – these problems deal with taking loans, or when the amount of money is initially known and will be withdrawn.

	The following terminology will also be tested:
		Arithmetic series			geometric series
		Amortization table			annuity
		Amount				present value

This is a section-by-section view of this chapter, with specific questions from each section completed.

2.1 – Arithmetic Series
	This will involve the summation of an arithmetic series and word problems associated with it.
	Ex: p. 197 #3, 4, 5, 6

2.2 – Geometric Series
	This will involve the summation of a geometric series and word problems associated with it.
	Ex: p. 197 #9, 10, 11

Factoring
	This is a basis for this course and will be beneficial in solving problems involving compound interest, series, PAIN, RAIN and PV.
	Ex: p. 303 #7, 11

2.6 – Annuities
	These are questions involving the RAIN formula for regular savings.  There will be word problems associated with this section as well:
	Ex: p. 199 #18, 20, 21, 22

2.8 – Present Value and Loans
	These are problems involving the PV formula.  These types of questions involve loans and regular withdrawls from a savings account (or lottery winnings).
The best way to remember which is which is that A stands for amount, which is the money at the end, and the PV stands for Present Value and is the money at the beginning.  Another way is as is the A = P(1+i)n formula: A = amount (end) P = principle (beginning)
Ex: p. 200 #25, 26, 27

	Other suggestions for studying:
-	solve these questions without the equations being written down for you.  Once you think you have it set up correctly (with the variables and formula written down) check to make sure.  After doing this a few times, the equations will be set in your head (with little or no memorizing)
-	do the end of chapter test (Chapter Two Review Test – page 203)
-	try to do a few of each type of problem this weekend so we will have lots of material to go through for the Test Review on Tuesday.  I will have a set of problems to go through, but if you wish to have specific problems that you wish to work, please let me know!

Once again don’t worry!  Scientists say that the best way to prevent stress before a test is to: 
a)	begin studying early so you don’t have to cram the night before
b)	get lots of sleep the night before
c)	eat a good breakfast, including milk and bananas, and avoid high sugar at your lunch (eat fruit instead!)
d)	don’t talk to your peers about how much/little they studied for the test or how much/little they know

Please make sure that once you read a problem, you can immediately say the formulas that you need to use and what they are for.  When I solve problems, I often draw pictures to help me understand and this is a good idea.  If you need/want scrap paper for this please let me know.