Mathematics

⦁ Explain how to find the exact time.
⦁ Explain how to find simple interest using the simple interest formula.
⦁ Explain how to find the maturity value of a loan.  Identify formula.
⦁ What is the difference between ordinary interest and exact interest?
⦁ Explain how to find the adjusted principal and adjusted balance due at maturity for a partial payment made before the maturity date.
⦁ Why is the time value of money concept important?
⦁ Identify the formula for the Present Value.
⦁ What is the difference between compound annually, semiannually, and quarterly?