MAST 335

Investment Mathematics

3 credits · Undergraduate

Winter 2026

Topics

Simple and compound interest
Accumulation and discount functions
Nominal interest rates
Present values of constant and varying annuities
Loan amortization and outstanding balances
Principal and interest components of payments
Investment yield rates
Sinking funds
Bond price and market value

Readings

Reference (not explicitly required): S. A. Broverman. Mathematics of Investment and Credit, 8th edition. The course covers essentially the first four chapters.
Listed reading
Reference (not explicitly required): S. G. Kellison. The Theory of Interest, 2nd edition, 1991.
Listed reading
Reference (not explicitly required): S. A. Broverman. Mathematics of Investment and Credit, 6th edition.
Listed reading

Winter 2025 · MAST 335

Readings

Mathematics of Investment and Credit, 8th Edition, by S.A. Broverman.
Listed reading; requirement unspecified
S. G. Kellison, The Theory of Interest, 2nd edition, 1991.
Listed reading; requirement unspecified
S. A. Broverman, Mathematics of Investment and Credit, 6th edition.
Listed reading; requirement unspecified

Winter 2024 · MAST 335

Readings

Mathematics of Investment and Credit, 8th Edition, by S.A. Broverman.
Listed reading; requirement unspecified
S. G. Kellison, The Theory of Interest, 2nd edition, 1991.
Listed reading; requirement unspecified
S. A. Broverman, Mathematics of Investment and Credit, 6th edition.
Listed reading; requirement unspecified

Winter 2023 · MAST 335

Readings

Mathematics of Investment and Credit, 7th Edition, by S.A. Broverman.
Listed reading; requirement unspecified
S. G. Kellison, The Theory of Interest, 2nd edition, 1991.
Listed reading; requirement unspecified
S. A. Broverman, Mathematics of Investment and Credit, 6th edition.
Listed reading; requirement unspecified

Winter 2022 · MAST 335

Readings

Mathematics of Investment and Credit, 7th Edition, by S.A. Broverman.
Listed reading; requirement unspecified
S. G. Kellison, The Theory of Interest, 2nd edition, 1991.
Listed reading; requirement unspecified
S. A. Broverman, Mathematics of Investment and Credit, 6th edition.
Listed reading; requirement unspecified

Sources

Course catalogue ↗2026–2027
Syllabus or course outline ↗Winter 2026
Historical course outline ↗Winter 2025
Historical course outline ↗Winter 2024
Historical course outline ↗Winter 2023
Historical course outline ↗Winter 2022
Winter 2026 outline. Books are listed under “Reference” and “Other Reference”; no required status is stated.
Historical source. Generic Textbook/References headings remain requirement-unspecified. Bibliographic editions and years are retained as printed; source inconsistencies may remain. Automated extraction with conservative filtering; distinct bibliography strings screened for false positives; entire syllabus not manually reviewed.
Historical source. Generic Textbook/References headings remain requirement-unspecified. Bibliographic editions and years are retained as printed; source inconsistencies may remain. Automated extraction with conservative filtering; distinct bibliography strings screened for false positives; entire syllabus not manually reviewed.
Historical source. Generic Textbook/References headings remain requirement-unspecified. Bibliographic editions and years are retained as printed; source inconsistencies may remain. Automated extraction with conservative filtering; distinct bibliography strings screened for false positives; entire syllabus not manually reviewed.
Historical source. Generic Textbook/References headings remain requirement-unspecified. Bibliographic editions and years are retained as printed; source inconsistencies may remain. Automated extraction with conservative filtering; distinct bibliography strings screened for false positives; entire syllabus not manually reviewed.