 |  Business Mathematics in Canada, 4/e F. Ernest Jerome
Applications of Simple Interest
Learning ObjectivesAfter 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 |
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