AS 3230 - Financial Mathematics

3 Credit Hours
Prerequisites: MATH 2212.
Requirements: Must meet RCB upper division course requirements and 45 semester hours.

Description
Topics include measure of interest, accumulation and discount, forces of interest and discount, equations of value, annuities, perpetuities, loan amortization, yield rates, bonds and securities, duration and convexity, immunization, determinants of interest rates, the term structure, and interest rate swaps.