2021-2022 Undergraduate Catalog 
    Dec 08, 2021  
2021-2022 Undergraduate Catalog

MAT 250 - Theory of Interest

This course deals with the mathematical aspects of investment. Topics treated include: interest rates, discount rates, present value, accumulated value, annuities, yield rates, amortization schedules and sinking funds. Applications to be treated include: bonds, real estate mortgages, methods of depreciation and insurance.

Prerequisites: MAT 206  and BUS 315  or BUS 219  or Departmental Approval
1 semester 3 credits.