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Apr 19, 2024
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MATH 320 - Mathematics of Interest (3 units)
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.
Prerequisite(s): MATH 176 or MATH 181 with a “C-” or better.
Units of Lecture: 3
Offered: Every Fall - Even Years
Student Learning Outcomes
Upon completion of this course, students will be able to:
1. 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.
2. write and solve the equation of value given a set of cash flows and interest rate.
3. demonstrate understanding of basic terminology concerning annuities, loans and cash flows.
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