Concept of function – variables and constants – Linear function- examples, quadratic function – examples, Break even analysis –simple problems

Arithmetic Progression: Formula for nth term – Sum to n terms – properties of A.P – Arithmetic mean – simple problems only. Geometric Progression: Formula for nth term – Sum to n terms – Sum to infinity – Geometric mean – simple problems.

Leasehold estate – Free hold Estate – Amortization - Amount of immediate annuity - Amount of annuity due - present value of an immediate annuity - present value of deferred annuity

Amortization of a Dept- Outstanding Principal – Mortgages – refinancing a loan. Sinking Funds – Comparison of Amortization and Sinking fund methods

Introduction and terminology – purchase price to yield a given Investment Rate – Callable bonds – premium and discount – price of a bond between bond interest Dates – Finding the yield rate.