Introduction to Financial Management and Time Value of Money

This lecture explores the fundamentals of financial management and the mathematics of finance. It covers the objectives of financial management, the importance of understanding the time value of money, and the differences between simple and compound interest. Key concepts include the techniques of calculating present and future value, amortization schedules for loans, and compounding methods. The course aims to equip students with essential financial tools applicable in real-life scenarios, particularly emphasizing the relevance of financial management in sectors like healthcare.