Key words
Financial algebra, IWETO-code, S181 Financial Sciences
Objectives
Transfer of basic knowledge of financial calculation techniques that students will need for other courses and in professional practice.
Application of this knowledge in practical situations such as business financing, loans, life annuity, etc.
Stimulate orderly presentation, accuracy and analytical skills.
Topics
- Singular interest and discount
- Compound interest and discount
- Equivalent interests
- Singular and compound interest prepaid
- Due date: fixed and average
- Annuities and derived problems
- Redemption of common types of loans
Prerequisites
Mathematical skills of secondary education concerning solving of equations, knowledge of the preference rules of adding up, subtracting, multiplying, dividing, involutions and deducting roots.
Practical use of the calculator concerning these operations.
Final Objectives
Knowledge:- Financial algebra: see topics
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 mathematically
Materials used
::Click here for additional information::
Textbook Financiële Wiskunde. Vermeulen en C.Sys, Academia Press.
Limited number of copies.
Study costs
Current market price of textbook and current price of some extra copies determined under Hogeschool rules.
Study guidance
Tutoring, lecturers available for additional individual questions.
Teaching Methods
Question and answer and exercises
Assessment
- First exam session: 100% written
- Second exam session: 100% written
- Students who only register to take examinations:
first exam session and second exam session: 100% written
Lecturer(s)
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