People Innovation Excellence
 

MATHEMATICS OF FINANCE (4 Credits)

Learning Outcomes:

On successful completion of this course, students will be able to: Distinguish the concept of Measurement of Interest, Simple and Compound interest, Simple and Compound Discount, Nominal, Effective and Force of Interest; Calculate present and future value of annuities immediate, due and perpetuities according to simple and compound interest, simple and compound discount, payable m-thly; Analyze outstanding balance, amortization and sinking fund from given real financial problems.

Topics:

  1. Measurement of interest;
  2. Simple and Compound Interest;
  3. Simple and Compound Discount;
  4. Interest Payable m-thly;
  5. Force of Interest;
  6. Annuities-Immediate;
  7. Annuities-Due;
  8. Perpetuities;
  9. Outstanding Balance of Annuity;
  10. Amortization and Sinking Fund.

Published at : Updated

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