Lecture Business finance - Chapter 3: The time value of money: An introduction to financial mathematics
Lecture Business finance - Chapter 3: The time value of money: An introduction to financial mathematics
In this chapter, you will learn: Understand and solve problems involving simple interest and compound interest, including accumulating, discounting and making comparisons using the effective interest rate; value, as at any date, contracts involving multiple cash flows; distinguish between different types of annuity and calculate their present and future values.