McGraw-Hill OnlineMcGraw-Hill Higher EducationLearning Center
Student Centre | Instructor Centre | Information Centre | Home
Interactive Charts
Additional Material
Formula Sheet
TI BAII+ Walkthrough
Glossary
Interactive Exercises
Interactive Lessons
Errata
Additional Exercises
Improve Your Grades!
Unit Conversion Table
Lyryx Assessment
Learning Objectives
Quiz Questions
Internet Application Problems
Web Links
Additional Material
Key Terms & Glossary
PowerPoint Slides
Feedback
Help Center


Business Mathematics in Canada 4e
Business Mathematics in Canada, 4/e
F. Ernest Jerome

Applications of Simple Interest

Learning Objectives

After completing this chapter, you will be able to:

Calculate the interest paid on savings accounts, term deposits, and short-term guaranteed investment certificates

State the Valuation Principle and apply it to the calculation of the fair market value of a investment providing specified future cash flows

Calculate the market price and rate of return for Treasury bills and commercial paper

Describe typical terms, conditions, and repayment arrangements for revolving (demand) loans, fixed-payment (demand) loans, and Canada Student Loans

Prepare loan repayment schedules for revolving loans, fixed-payment loans, and Canada Student Loans




McGraw-Hill/Ryerson