Jun 13, 2024  
2023-2024 Undergraduate Catalog 
2023-2024 Undergraduate 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