2021-2022 Undergraduate Catalog

MATH 351 Mathematics of Finance

Mathematical theory of compound interest, force of interest, determinants of interest rates, annuities, equations of value, yield rates, amortization, sinking funds, bonds, duration, convexity, immunization, cash flow matching and interest rate swaps.

Prerequisite: C- or better in MATH 165 and MATH 251, or permission of the department chairperson.

Prerequisite or parallel: MATH 166.