MATH 335: Mathematical Interest Theory

Course Description

This introductory course is designed to lay the foundation for understanding the mathematical theory of interest, emphasizing both theoretical underpinnings and practical applications. Designed for students pursuing careers in finance, actuarial science, and economics, the course covers essential topics, including interest rates, annuities, bonds, and loans. Students will not only learn the theoretical aspects of these financial instruments but will also gain hands-on experience in calculating their values. Advanced topics such as duration and portfolio immunization, among others, will also be explored. (F, AY).