MATH 242
Mathematics of Finance
Units: 1.5
Hours: 3-0
Simple interest; compound interest; simple discount; simple annuities; general and other annuities; amortization methods; Canadian mortgages; sinking funds; bond prices and bond yields; net present value; capitalized cost; contingent payments; introduction to the basic concept of life annuities and life insurance.
Note:
- Credit will be granted for only one of MATH 242, MATH 152.
Prerequisites:
Recommendation(s):
Some knowledge of probability recommended.
Undergraduate course in Mathematics offered by the Department of Mathematics and Statistics in the Faculty of Science.