Basics of Financial Mathematics

  • Interest and interest rate
  • Accumulation with simple and compound interest
  • Simple and compound interest rates with equivalency
  • Effective rate of interest
  • Present value, net present value and future value
  • Annuities, calculating value of regular annuity
  • Simple applications of regular annuities (up to 3 period)
  • Tax, calculation of tax and simple applications of tax calculation in Goods and service tax, Income Tax
  • Bills, tariff rates, fixed charge, surcharge, service charge
  • Calculation and interpretation of electricity bill, water supply bill and other supply bills

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