Jun 19, 2024  
2022-2023 Catalog 
2022-2023 Catalog [ARCHIVED CATALOG]

MATH 3910 - Mathematical Interest Theory 1

This course covers accumulation functions, simple and compound interest and discount, nominal rates of interest and discount, the force of interest, equations of value, investment returns, yield rates, annuities and perpetuities with equal payment and conversion periods, outstanding loan balances, amortized loans and amortization schedules, and the sinking fund method.

Credits: 3

Prereq: MATH 2120
Lecture hours: 3