MATH 251 Introduction to Mathematics of Finance
Mathematical topics in finance as expected to be useful in financial decision-making in the future. Topics will include compound and simple interest, savings, mortgages, loans, equity, annuities, equations of value, yield rates, amortization, sinking funds, bonds, and current topics in finance as time permits. Emphasis will be on fundamental principles, calculations, and practical applications.
Prerequisite: C- or better in MATH 111 or MATH 113; and MATH 112 or MATH 114, or appropriate score on the SAT/ACT, or appropriate scores on the mathematics placement test, or permission of the department chairperson.