MATH 3100 Financial Mathematics

The mathematical foundations of finance, including the time value of money, annuities, loans, bonds, portfolios, immunization, and interest rate.

Credits

3

Prerequisite

MATH 2460

Student Learning Outcomes

Students should:

1. understand and perform calculations related to the present, current, and accumulated values of money,

2. understand and perform calculations related to annuities and cash flows with non-contingent payments,

3. understand and perform calculations related loans,

4. understand and perform calculations related bonds,

5. understand and perform calculations related to general cash flows and portfolios,

6. understand and perform calculations related to immunization,

7. understand and perform calculations related to interest rate swaps,

8. understand and perform calculations related determinants of interest rates, and

9. be prepared to take SOA/CAS Exam FM/2.