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Mathematics of Finance

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Presentation on theme: "Mathematics of Finance"— Presentation transcript:

1 Mathematics of Finance
Chapter 5 Mathematics of Finance Copyright ©2015 Pearson Education, Inc. All right reserved.

2 Simple Interest and Discount
Section 5.1 Simple Interest and Discount Copyright ©2015 Pearson Education, Inc. All right reserved.

3 Copyright ©2015 Pearson Education, Inc. All right reserved.

4 Copyright ©2015 Pearson Education, Inc. All right reserved.
Example: To furnish her new apartment, Maggie Chan borrowed $4000 at 3% interest from her parents for 9 months. How much interest will she pay? Solution: Use the formula with Thus, Maggie pays a total of $90 in interest. Copyright ©2015 Pearson Education, Inc. All right reserved.

5 Copyright ©2015 Pearson Education, Inc. All right reserved.

6 Copyright ©2015 Pearson Education, Inc. All right reserved.

7 Copyright ©2015 Pearson Education, Inc. All right reserved.

8 Copyright ©2015 Pearson Education, Inc. All right reserved.

9 Copyright ©2015 Pearson Education, Inc. All right reserved.

10 Copyright ©2015 Pearson Education, Inc. All right reserved.

11 Copyright ©2015 Pearson Education, Inc. All right reserved.

12 Copyright ©2015 Pearson Education, Inc. All right reserved.

13 Copyright ©2015 Pearson Education, Inc. All right reserved.


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