An introduction to the theory of interest. Mathematical models and their analysis for problems involving fixed interest rates. Simple and compound interest. Cash flows, annuities, amortization and sinking funds. 'Zero-' coupon bonds.

Prerequisites: (Math 30-1, Pure Math 30 or equivalent) or (Math 30-2 or equivalent) or (Math 31 or equivalent) or Mathematics 110 and 2nd year standing required
Further information: Course availability and times