1. To train students in the application of percentage calculations
2. Teach students to distinguish between simple and compound interest
3. To enable students to calculate future and present value using simple and compound interest.
4. Teach students to distinguish between proportional and conforming interest rates
5. Teach students to calculate future and present value using proportional and conformal interest rates
6. Train students to calculate the most common types of loan repayments
1. Introduction to Financial Mathematics
2. Percentage calculation
3. Future and present value – simple interest compounded annually
4. Future and present value – compound interest on an annual basis
5. Proportional and conforming interest rate
6. Future and present value – compound interest with a proportional interest rate
7. Future and present value – compound interest with a conforming interest rate
8. Conversion of sub-annual interest rates into annual interest rates
9. Loan repayment, at the beginning of the period, with compound interest on an annual basis
10. Repayment of the loan, at the end of the period, with compound interest on an annual basis
11. Loan repayment, at the beginning of the period, with compound interest at a proportional interest rate
12. Repayment of the loan, at the end of the period, by compound interest with a proportional interest rate
13. Loan repayment, at the beginning of the period, with compound interest at a conforming interest rate
14. Repayment of the loan, at the end of the period, by compound interest with a conforming interest rate
1. Apply percentage calculation
2. Distinguish between simple and compound interest
3. Calculate future and present values using simple and compound interest
4. Differentiate between proportional and conforming interest rates
5. Calculate future and present value with proportional and conformal interest rates
6. Calculate the most common types of loan repayments
