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Nov 23, 2024
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MACT 321/3311 - Introduction to Financial Mathematics (3 cr.)
Prerequisites
or concurrently.
Description
The most commonly used mathematical functions for computing interest and discount rates are discussed. This includes simple, compound, and other forms of interest used in financial valuations, accumulated value and present value, annuities, sinking funds, amortization of debt, and determination of yield rates on securities. The theory developed in the first part of the course is then applied to the valuation of bonds, mortgages, capital budgeting, depreciation methods, and other financial instruments. Zero-coupon bond, term structure of interest rates, coupon bonds, modified and Macaulay durations, convexity.
When Offered
Offered once a year.
Check course scheduling information
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