1
Business Mathematics
MAT 112
Mathematical Applications
in Banking and Finance
, 2 CONTENTS
2.3 Compound Interest 2.1 Simple Interest
We are here
2.2 Bank Discount
2.4 Annuity & Promissory Notes
,3
2.4 ANNUITY
, MAT 112 Buss. Mathematics
4
4.1 ANNUITY (page 76)
A series of equal payments made at equal intervals of time.
Examples: Shop rentals, Insurance policy premiums, Annual dividends received and
Instalment payments.
Classification of annuity:
a) Annuity due
b) Ordinary Annuity certain
c) General annuity
d) Perpetuity This chapter will discuss on
e) Deferred Annuity ordinary annuity certain only
Business Mathematics
MAT 112
Mathematical Applications
in Banking and Finance
, 2 CONTENTS
2.3 Compound Interest 2.1 Simple Interest
We are here
2.2 Bank Discount
2.4 Annuity & Promissory Notes
,3
2.4 ANNUITY
, MAT 112 Buss. Mathematics
4
4.1 ANNUITY (page 76)
A series of equal payments made at equal intervals of time.
Examples: Shop rentals, Insurance policy premiums, Annual dividends received and
Instalment payments.
Classification of annuity:
a) Annuity due
b) Ordinary Annuity certain
c) General annuity
d) Perpetuity This chapter will discuss on
e) Deferred Annuity ordinary annuity certain only
