This algebra-based book provides the students with two basic needs: 1) mathematical background, and 2) methods of solving mathematical problems in management and finance. text is designed for the first course in mathematics for students of business administration. It concentrates on giving students the necessary mathematical background for solving mathematical problems in management in finance courses. This edition continues its tradition of explaining basic mathematical functions with clear exposition and an abundance of examples.
PART I. BASIC COLLEGE ALGEBRA. 1. Basic Operations of Arithmetic and Algebra. 2. Algebraic Operations — Optional Topics. 3. Sets and Probability. 4. Algebra for Computer Programming. 5. Ration and Applications. PART II. MATHEMATICS IN BUSINESS MANAGEMENT. 6. Statistical Methods and GMAT Preparation. 7. The Income Statement. 8. Simple Interest and Simple Discount. 9. Bank Discount and Negotiable Instruments. PART III. MATHEMATICS IN INVESTMENT - BASIC TOPICS. 10. Operating Calculators and Computers. 11. Compound Interest - Computing Basic Values. 12. Compound Interest - Additional Problems. 13. Ordinary Annuities. 14. Other Annuities Certain. PART IV. MATHEMATICS IN INVESTMENT - APPLICATIONS. 15. Extinction of Debts. 16. Investment in Stocks and Bonds. 17. Depreciation and Depletion. 18. Perpetuity and Capitalization. 19. Life Annuities. 20. Life Insurance. Appendix Tables.