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This workbook contains materials for the second and third units in the Financial Life Cycle Mathematics course.
Unit 2: Earning Interest
Unit 2 includes the role of interest in loans and investment. It covers math related to exponents, Euler s number (e) and logs, which is necessary to make interest calculations. This unit also the financial instruments that are used to transfer consumption, and how they can help people achieve their financial goals
Unit 3: Regular Payments
Unit 3 helps to understand regular payments. It shows how to calculate arithmetic and geometric series and apply this math to payment series. It also covers the financial problems that require regular payments, from retirement to home-owning, and the financial instruments that are used.