# Ch 10: Concepts of Financial Mathematics

Increase your understanding of various financial mathematics concepts and how to calculate them by referring to this chapter. These video and text lessons are handy supplemental resources you can use to prepare for math class or review topics for college entrance or placement exams.

## Concepts of Financial Mathematics - Chapter Summary

How do you calculate interest rate and loan payments? What do terms like 'depreciation' and 'perpetuity' mean? Which formula helps to determine compounding interest? This chapter answers these questions and more.

In these lessons, you'll find examples of equations and formulas that help to simplify this material and ensure that you more easily retain this information. Each relevant term is also defined before calculations and formulas are discussed. Once you have completed your review of this chapter, you should be able to:

• Apply methods for calculating depreciation expense
• Use formulas for simple interest rate and internal rate of return
• Understand compounding interest formulas
• Calculate real interest rate, net present value, future value, monthly loan payments and mortgage amortization
• Solve reducing balance loan problems
• Find the present value of an annuity
• Define perpetuity and explain how to calculate it

In each short lesson, you'll find expert instruction and detailed examples and illustrations. Lessons take only 5-10 minutes to review and are accessible at any time, from any device, so studying can fit into the busiest of schedules. Determine how much you have learned using brief self-assessment quizzes, and track your progress as you move through this chapter on your handy Dashboard.

13 Lessons in Chapter 10: Concepts of Financial Mathematics
Test your knowledge with a 30-question chapter practice test
Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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