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Sinking Fund
Introduction A sinking fund is a fund established for the purpose of accumulating money over time...
Present Value
Introduction The present value (PV) is the current worth of a sum of money to be received or paid...
Accumulated Value
Introduction Depreciation refers to the gradual decrease in the value of an asset over time due t...
Depreciation
Introduction Depreciation refers to the gradual decrease in the value of an asset over time due t...
Effective Rate
Introduction The effective interest rate, also known as the annual equivalent rate (AER) or effec...
Equivalent Rate
Introduction The equivalent rate is a concept in commercial arithmetic used to compare different ...
Compound Interest
Introduction Compound interest is a method of calculating interest where the interest earned over...
Simple Interest
Introduction Simple interest is a basic concept in commercial arithmetic used to calculate the in...
Inverse of a Matrix
Definition The inverse of a matrix is a matrix that, when multiplied by the original matrix, resu...
Minors and Cofactors
Definition Minor The minor of an element in a matrix is the determinant of the smaller matrix tha...
Determinants and Properties
Definition The determinant is a scalar value that can be computed from the elements of a square m...
Properties of Matrix Multiplication
Matrix multiplication has several important properties that make it useful in various mathematica...
Multiplication of Two Matrices
Definition The multiplication of two matrices involves taking the rows of the first matrix and th...
Special Types of Matrices
Definition An identity matrix is a special type of square matrix in which all the elements of the...
Multiplication of Matrices by a Scalar
Definition The multiplication of a matrix by a scalar is an operation where every element of the ...
Addition of Matrices
Definition The addition of matrices is the operation of adding two matrices by adding their corre...
Matrices and Determinants Introduction
A matrix is a rectangular arrangement of numbers, symbols, or expressions, arranged in rows and c...
Vogel Approximation Method
Vogel's Approximation Method (VAM) is a heuristic used to find an initial feasible solution for t...
Least Cost Method
The Least Cost Method (LCM) is a technique used to find an initial feasible solution for transpor...
NW Corner Rule
The North-West Corner Rule is a method used to find an initial feasible solution for transportati...