Overview
Description
Mathematical theory of interest with applications, including accumulated and present value factors, annuities, yield rates, amortization schedules and sinking funds, depreciation, bonds and related securities.
Requirements
Prerequisites
- with a “C” or better
MATH 176MATH 181
Original catalog text
Prerequisites
MATH 176 or MATH 181 with a “C” or better.
Units
Lecture3
Catalog Details
Offering
Offered: Every Fall - Even Years
Terms
fall
Attributes
Standard
Learning Outcomes
- formulate and recognize definitions of interest rate, yield rate, simple and compound interest, the accumulation function, present and future values, force of interest, and equation of value.
- write and solve the equation of value given a set of cash flows and interest rate.
- demonstrate understanding of basic terminology concerning annuities, loans and cash flows.