Mathematics

MATH3901Financial Mathematics I3 ch (3C)

Simple, compound, continuously compound interest, future value, series of payments, sinking funds, amortization, installments. Major assets type. Valuation of fixed interest securities, effects of tax, ordinary shares, bonds. Deterministic models for term structure dynamics. 

Prerequisite: MATH 1003 or MATH 1853 with a minimum grade of C.