MATH 102 Mathematics of Finance (Not offered 1998-99)

The mathematics underlying various problems that arise in personal and business finance. Applications will include various kinds of taxes, business and personal insurance, simple and compound interest (and Banker's Rule), periodic loans (such as home mortgages and auto loans), present value, future value, amortization, sinking funds, bonds and money market funds, tax-exempt and tax-deferred investments, life annuities, perpetual annuities, and some basic mathematical principles of accounting. Students will be required to carry out some assigned problems on either the IBM (Lotus) or Macintosh (Excel) system; instruction on the use of these systems will be given as needed. Graphical and basic algebraic solution of linear programming problems may also be included. Evaluation will be based primarily on performance in class quizzes, computer software exercises, and exams. Prerequisite: Mathematics 100 (or demonstrated proficiency on a diagnostic test-see Mathematics 100). Not open to first-year students. Not open to students who have completed Mathematics 104, 151, or equivalent, except by prior written permission of the instructor. Such students should register for Mathematics 202 instead. Not open on a pass/fail basis except by prior written permission of the instructor. Credit will not be given for both Mathematics 102 and Mathematics 202. Enrollment limited to 42.

V. HILL