Key words
Financial algebra
Objectives
Transfer of basic knowledge of financial calculation techniques that students will need for other courses and in professional practice. Application in practical situations such as business financing, loans, life annuity, etc. Stimulate orderly presentation and analytical skills.
Topics
- Singular interest and discount
- Compound interest and discount
- Equivalent interests
- Interest prepaid
- Due date: fixed and average
- Annuities
- Loans
Prerequisites
Mathematical skills of secondary education.
Practical use of the calculator.
Final Objectives
Knowledge:
Financial algebra
Skills:
- Thinking and reasoning power
- being able to deal with figures
- being able to deal with financial and economic information
Attitudes:- Being precise and accurate
- Being tidy
- Being practical
- Adding value and processing information, being able to justify results
Materials used
Textbook: Financiële Wiskunde volume 1&2 F. Vermeulen and C.Sys, Academia Press
Study costs
Current market price of textbook and current price of some extra copies determined under hogeschool rules.
Study guidance
Tutoring and individual monitoring.
Teaching Methods
Lectures and exercises.
Assessment
- First exam session: 100 % written exam
- Second exam session: 100 % written exam
- Examination Board Flemish Community (ditto regular student)
Lecturer(s)
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