Academic Catalog 2022–2023

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MTH402 Theory of Interest

[3–0, 3 cr.]

This course is an intensive study of interest including the measurement of interest, the accumulation and discount of money, the present value of a future amount, the forces of interest and discount, equations of value, annuities (simple and complex), perpetuities, amortization and sinking funds, yield rates, bonds, and other securities, installment loans, depreciation, depletion and capitalized cost.

Prerequisite: MTH102, and Co-requisite: Junior standing