Concept of function - variables and constants - Linear function - examples, quadratic function - examples, Break even analysis - simple problems.
Arithmetic Progression: Formula for nth term - Sum to n terms - properties of A.P - Arithmetic mean - simple problems only. Geometric Progression: Formula for nth term - Sum to n terms - Sum to infinity - Geometric mean - simple problems.
Leasehold estate - Free hold Estate - Amortization - Amount of immediate annuity - Amount of annuity due - present value of an immediate annuity - present value of deferred annuity.
Amortization of a DEBT - Outstanding Principal - Mortgages - Refinancing a loan. Sinking Funds - Comparison of Amortization and Sinking fund methods.
Introduction and terminology - purchase price to yield a given Investment Rate - Callable bonds - premium and discount - price of a bond between bond interest Dates - Finding the yield rate
Reference Book:
1. Business Mathematics &Statistics by Navnitham ,P.A, Jai Publishers Trichy -21, April 2011. 2. Introduction to Business Mathematics by Sundersan and Jayaseelan, Sultan chand Co &Ltd, New Delhi, 1998. 3. Business Mathematics Sanchetti D.C and Kapoor V.K, Sultan chand Co &Ltd, New Delhi, 2007 Reprint 11th edition.
Text Book:
1. Business Mathematics and Statistics by P.R. Vittal, Margham Publications – Reprint – 2006 (For Units I, II and III) 2. Mathematics of finance by Petr zima, Robert L. Brown, Second edition, Tata McGraw – Hill Publishing Company Limited, New Delhi - 1996 (For IV and V Units) Unit IV: Chapter 7: Sections: 7.1-7.6 Unit V: Chapter 8: Sections: 8.1-8.6
