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.
- Measurement of interest;
- Simple and Compound Interest;
- Simple and Compound Discount;
- Interest Payable m-thly;
- Force of Interest;
- Outstanding Balance of Annuity;
- Amortization and Sinking Fund.
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