MATH 107 - Mathematical Models Applied to Money

Institution:

Shippensburg University of Pennsylvania

Subject:

Description:

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.

Credits:

3.00

Credit Hours:

Prerequisites:

MATH 100 or Math Placement Test Score of 2 or Higher

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

08/30/2012 - 08/25/2024 

Institution Website:

www.ship.edu/

Phone Number:

(717) 477-7447

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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