MAT 1320 Finite Mathematics, 2e
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- 6: Finance Applications
- This chapter covers principles of finance. After completing this chapter students should be able to: solve financial problems that involve simple interest; solve problems involving compound interest; find the future value of an annuity; find the amount of payments to a sinking fund; find the present value of an annuity; and find an installment payment on a loan.
- 7: Sets and Counting
- This chapter covers principles of sets and counting. After completing this chapter students should be able to: use set theory and venn diagrams to solve counting problems; use the multiplication axiom to solve counting problems; use permutations to solve counting problems; use combinations to solve counting problems; and use the binomial theorem to expand (x+y)^n.
- 8: Probability
- This chapter covers principles of probability. After completing this chapter students should be able to: write sample spaces; determine whether two events are mutually exclusive; use the addition rule; calculate probabilities using tree diagrams and combinations; solve problems involving conditional probability; determine whether two events are independent.