In our day-to-day life we have lot of money transactions.

**Financial Mathematics**

In our day-to-day life we have
lot of **money** transactions. In many
transactions payment is made in single payment or in equal installments over a
certain period of time. The amounts of these installments are determined in
such a way that they compensate for their waiting time. In other cases, in
order to meet future planned expenses, a regular saving may be done. (i.e) at
regular time intervals, a certain amount may be kept aside, on which the person
gains interest. In such cases the concept of annuity is used.

Tags : Maths , 11th Business Mathematics and Statistics(EMS) : Chapter 7 : Financial Mathematics

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11th Business Mathematics and Statistics(EMS) : Chapter 7 : Financial Mathematics : Financial Mathematics | Maths

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