Mathematics (MATH) Courses>Mathematics of Finance

MATH242 - Mathematics of Finance

Description

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.

Units

1.5

Hours: lecture-lab-tutorial

3-0-0

Note(s)

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

Prerequisites

  • Complete all of the following
    • Complete 1 of:
      • MATH100 - Calculus I (1.5)
      • MATH102 - Calculus for Students in the Social and Biological Sciences (1.5)
      • MATH109 - Introduction to Calculus (1.5)
    • Complete 1 of:
      • MATH151 - Finite Mathematics (1.5)
      • ECON245 - Descriptive Statistics and Probability (1.5)
      • STAT260 - Introduction to Probability and Statistics I (1.5)

Recommendations

  • Some knowledge of probability recommended.

Course offered by

Department of Mathematics and Statistics

Course schedules

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

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