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MTH471: Mathematics of Finance I
Prerequisite(s): MTH110

This course introduces students to financial computations, as well as key concepts and terms. Topics include computation of simple and compound interest, present and future value of money, bank discounts and annuities. Upon completion of this course, students should be able to perform financial computations relevant to business operations.


 

Computation of Simple and Compound Interest

Compound Interest
Review of the topic, includes a compound interest calculator from About.com

Loans and Interest
Interest calculations from Ask Dr. Math

Understanding Simple Interest
Simple interest and simple interest calculations from About.com


Bank Discounts

ABCs of Figuring Interest
Includes example of bank discount calculation, from the Federal Reserve Bank of Chicago

Promissory Notes
Guide for understanding promissory notes from the U.S. Securities and Exchange Commission


Additional Sites of Interest

Algebra.com
Algebra, geometry, and physics help, along with interactive word problems and a question board

American Mathematical Society
Professional mathematical research and scholarship organization

Digital Classroom Resources
Mathematical sciences digital library from the Mathematical Association of America

Earliest Uses of Various Mathematical Symbols
Names of first to use common mathematical symbols and the dates the symbols first appeared

Famous Problems in the History of Mathematics
Includes proof of the Pythagorean Theorem and the value of Pi

Geometry Tutorials, Lessons and Tips
Help with geometry from About.com

GoMath.com
Algebra, geometry, and physics help including interactive tutorials and quizzes

Homemade Clinometer
Instructions for making this device used for measuring altitude, elevation, and vertical angles

InterAct Tutorials
Tutorials, study aids, and web links for further research

Journals: @Brint.com
Resources from business technology management and knowledge management

Math.com
Tools, formulas, tables, test preparation, and study tips

Math Forum
Ask Dr. Math (college level archive) from Drexel University

MathEmatics Help Central
College geometry help

MathWorld
Extensive math resources including algebra, calculus, geometry, probability and statistics, as well as math history and terminology

Nrich
Math Problems, Games and Articles from the University of Cambridge

Professional Societies
Links to societies and organizations that may be of interest to mathematicians

Purplemath
Practical algebra lessons with hints, tips, and examples, including common mistakes

SOS Mathematics
Free resource for math review material on algebra, trigonometry, calculus, and differential questions

Schoolyard Clinometer
Make a clinometer using this guide from the New Jersey Coalition for Schoolyard Habitats

Success in Math
Tips from Saint Louis University

Webmath
View solved math problems or post a question for a math expert

Present and Future Value of Money

Future and Present Value of Money
Definitions and example from the Investment FAQ

The Importance of Time Value
Article from Investopedia.com, compares intrinsic and time values

Time Value of Money Concepts
Tutorial reviews the basic 'Time Value of Money' and 'interest rate' formulas

Time Value of Money Tutorial
Free tutorial from Kansas State University

What is TVM (Time Value of Money)?
Tutorial from Educalc.net


Annuities

FCIC: Annuities
Geared towards consumers with general information about different types of annuities from the Federal Citizen Information Center

Variable Annuities: What You Should Know
Information from the U.S. Securities and Exchange Commission

 

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