MATH 242

Mathematics of Finance

Units: 1.5

Hours: 3-0-0

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.


  • Credit will be granted for only one of MATH 242, MATH 152.



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

Fall 2019 Spring 2020 Summer 2020

Summer timetable available: February 15. Fall and Spring timetables available: May 15.

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