MATH 445B Mathematics of Compound Interest
A detailed study of the theory of interest. Topics include nominal and effective rates of interest and discount; force of interest at; general annuities; amortization schedules and sinking funds; including determination of outstanding principal and split of payments into principal and interest; determination of fund yield rates and pricing of bonds and related securities.
Prerequisite
Grade of "C" or better in
SMAT 212B (MATH 265)