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):

Undergraduate course in Mathematics offered by the Department of Mathematics and Statistics in the Faculty of Science.

Schedules:
Summer Fall Spring

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