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Academic Bulletin Mathematics & Computer Science - 2012-13 - 252 MAT 252

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MAT 252 Mathematical Interest Theory

This course will involve a thorough treatment of the mathematical theory of interest, with special attention paid to calculating present and accumulation values for annuities (series of payments made at regular time intervals). Some topics include nominal and effective rates of interest and discount, force of interest, amortization schedules, sinking funds, and bonds. This course is offered in the fall semester.

Prerequisite: MAT 112.

Credits: 1/2