Apr 29, 2024  
2019-2021 Undergraduate Catalog 
    
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2019-2021 Undergraduate Catalog [ARCHIVED CATALOG]

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MAT 107 - Mathematical Models Applied to Money Credits: 3

An introductory level course designed to cover deriving mathematical formulas arising in Finance and Economics. Mathematical models are constructed and used to calculate simple and compound interest, annuities and payments calculations, amortization, sinking funds, perpetuities, installment buying, calculation of premiums of life annuities and life insurance, and the time value of money. Not open to math majors.

Prerequisite(s): Math placement level of 2 or MAT 050  with minimum grade of C
Category: Foundations - Q


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