Level: II
Semester: 1
Number of Credits: 3
Prerequisites: MATH 1141, MATH 1142, MATH 1151, MATH 1152


Course Description

This course covers topics relevant in financial mathematics that include measurement of interest, accumulation and discount, forces of interest and discount, equations of value, annuities, perpetuities, amortization and sinking funds, yield rates, bonds and securities, depreciation, depletion, and capitalized costs.



Coursework                                                                 50%
Final Examination - one 2-hour written paper          50%
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