UNIT 1. FINANCIAL MATHEMATICS Origin and definition of financial mathematics Importance and elements of financial mathematics Time value of money Focal time and date diagram Applications and considerations of financial mathematics UNIT 2. SIMPLE FINANCIAL OPERATIONS Definition and characteristics of simple capitalization financial operations Elements and formulas of simple capitalization financial operations Definition and characteristics of simple discount financial operations Elements and formulas of simple discount financial operations Additional considerations of simple financial operations UNIT 3. COMPOSITE OR COMPLEX FINANCIAL OPERATIONS Definition and characteristics of composite capitalization financial operations Elements and formulas of composite capitalization financial operations Compound interest rates Value equations. Focal time and date diagram Additional considerations of simple financial operations UNIT 4. ANNUITIES AND AMORTIZATION Definition, characteristics and classification of annuities Types, elements and nomenclature of annuities Nomenclature of annuities Annuity formulas Amortization and amortization system Sinking funds