MATH 1118: Mathematics of Finance

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Course Format Lecture 4.0 h + Seminar 0.0 h + Lab. 0.0 h
Credits 3.0

Course Description

An introduction to the mathematics of finance and investment including simple interest and discount, compound interest, simple and general annuities, amortization and sinking funds, depreciation and valuation of investments. Computer applications.

Students will receive credit for only one of MATH 1118 or 1119.

Prerequisite(s): One of the following: a minimum "C" grade in Precalculus 11 or Foundations of Mathematics 12; an "S" grade in MATH 1101; or permission of the department based on the MDT process (MDT 059). Prerequisites are valid for only three years.

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