This course is a follow-up to the introductory course on Simple Interest.
The first course is a prerequisite to this one so make sure that you have gone through that material before you sign up for this one. It will be assumed that you have some prior knowledge of simple interest calculations in addition to the concept of the time value of money (present value and future value) with respect to simple interest.
You will be provided with a series of workbooks which outline the financial problems that will be solved through the use of basic algebra techniques and time diagrams. The workbooks are designed to include a description of the problems that will be discussed and will also include space within which to work out your calculations, notes and final solutions.
You will learn about equivalent values, how to use declining balance method, promissory notes and T-Bills. You will learn how to calculate equivalent payments to replace other payments or a series of payments.
It would be advisable to have a calculator with Memory Keys and to know how to use them. Some financial calculators also allow you to determine the number of days between two calendar dates but there are also tables or online web based calculators that can also determine the number of days between days.
