Catalog 2021-2022

MAT 311 Financial Mathematics

This course provides an understanding of the fundamental concepts of financial mathematics. Topics covered: interest rate measurement, time value of money, annuities, loan payment, bond, general cash flows and portfolios (yield curves, rates of return, and measures of duration and convexity), cash flow matching and immunization, and interest rate swaps.

Credits

4

Prerequisite

MAT 261 with a grade of "C" or higher.

Offered

spring semester