MATH 5350 - Mathematical Theory of Interest

Rates of interest, term structure of interest rates, force of interest, yield rate, principal, equation of value, annuity, perpetuity, stocks, bonds, other financial instruments. Prereq: Graduate standing in Applied Mathematics or permission of the instructor. Note: This course assumes that students have the equivalent of an undergraduate-level course in probability (e.g., MATH 4810). Max hours: 3 Credits. Semester Hours: 3 to 3