This is first and basic course towards the finance descipline. This will introduce you to the world of finance and basic concepts and calculations that are useful in daily life. The most important concept is time value of money, which will be used widely across the finance also you can value investment opportunities in your daily life by using this concept.

TVM (time value of money) concept is central to the valuation of investments, which is core to the banking sector as banks are main investors in the government securitites, also how we discount export bills. This concept is also central to the FX market as if we want to calculate the USD/INR rate 1 year from now.

The different interest rate calculations, as nominal rate, effective rate, how to calculate nominal rate from effective rates and vice versa. Also how frequency of compounding results in different rates. This concept is central to how banks structure their deposit rate offerings.