Sep 23, 2024  
2022-2023 Undergraduate Catalog 
    
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2022-2023 Undergraduate Catalog [ARCHIVED CATALOG]

MATH 312: Mathematical Theory of Interest

(1 Unit)
Prerequisite: MATH 141  
Foundations of interest and discount rates; present/future value of cash flow including annuities, loans, bonds, and other investments; returns on investment; measures of duration and convexity; concepts of portfolio immunization.  Applications to a wide variety of practical problems including student loans, car loans, home mortgages, and investment bonds.  Staff