Financial Maths - Sligo Education Centre

Sligo Education Centre
Ionad Oideachais Shligigh
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Financial Maths with Sean Murphy
Sept 5/12/19/26  (7pm - 8pm)
Note: Typed notes and instructional videos with worked solutions to exam questions will be provided as part of the course material.
Session 1
·       Present Value and Future Value
·       The Compound Interest Formula
·       Using Logs to Solve for t in Compound Interest Formula
·       Terminology –  APR/EAR/AER/CAR/Annuities/Amortisation/Mortgages/Pensions/Bonds
·       Link between Compound Interest Formula and Inverse Functions
Session 2
·       Savings and Geometric Series
·       Converting Interest Rate from Annual to Monthly/Weekly Rate
·       Exam Questions on Savings
Session  3
·       Loans and Geometric Series
·       Amortisation Formula
·       Exam Questions on Loans and Amortisation Formula
Session 4
·       Pensions/Bonds
·       Depreciation
·       Exam Questions on Pensions
Learning Outcomes
·       Be able to manipulate the compound interest formula
·       Be able to convert from annual interest rate to monthly/weekly rate
·       Be able to work out questions involving savings/annuities
·       Be able to work out questions involving loans/amortisation
·       Be able to prove the amortisation formula
·       Be able to work out questions involving pension plans / bonds / depreciation
·       Be able to distinguish between the different types of exam question
·       Be able to use new techniques and resources for teaching financial maths at leaving cert honours level

ATU Campus, Ballinode,Co Sligo.
Tel: (071) 9138700

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