6: Mathematics of Finance
- Page ID
- 35276
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In this chapter, you will learn to:
- Solve financial problems that involve simple interest.
- Solve problems involving compound interest.
- Find the future value of an annuity, and the amount of payments to a sinking fund.
- Find the future value of an annuity, and an installment payment on a loan.
- 6.2: Annuities and Sinking Funds
- This section addressed problems where timely payments are made in an account. When a sequence of payments of some fixed amount are made in an account at equal intervals of time, we call that an annuity.
- 6.4: Miscellaneous Application Problems
- We have already developed the tools to solve most finance problems. Now we use these tools to solve some application problems.