Curriculum objectives for GP and financial applications

At the end of this course, students should be able to:

1. Understand the concept of geometric sequences and series;
2. Use the formulae for the \(n\) th term and sum of the first \( n \) terms of the sequence;
3. Use sigma notation for sums of (geometric) sequences;
4. Apply the concepts of geometric sequences and series to problems in real-world contexts;
5. Analyze, apply and predict where a model is not perfectly geometric in real life;
6. Recall the concept of simple interest;
7. Understand the concept of compound interest;
8. Calculate the real value of an investment with an interest and an inflation rate;
9. Calculate the compound interest based on per annum, per half-yearly or per quarterly.