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MATH 2FM3

INTRODUCTION TO MATHEMATICAL FINANCE

Undergraduate

Winter 2026 · Intro To Mathematical Finance · C01

Readings

  • Mathematics Of Investment And Credit Ed: 8
    Broverman · 8 · Required
    ISBN 9798890160164
Spring/Summer 2026 · Intro To Mathematical Finance · C01

Readings

  • Mathematics Of Investment And Credit Ed: 8
    Broverman · 8 · Required
    ISBN 9798890160164
Spring/Summer 2026 · C01

Topics

  • Course Admin & Introduction to Interest Rates
  • Comparison of compound and simple interest, accumulated amount function
  • Present value
  • Equation of value, nominal rates of interest
  • Effective and nominal rates of discount
  • Force of interest
  • Inflation and the "real" rate of interest, Factors affecting interest rates
  • Level payment annuities: Accumulated value
  • Level payment annuities: Present value
  • Chapter 1 Test
  • Level payment annuities: Annuity immediate and annuity due
  • Generalizations of level payment annuities
  • Annuities with non-constant payments: Geometric progression
  • Annuities with non-constant payments: Arithmetic progression
  • Depreciation
  • Capitalized cost, Book value and market value, Sinking fund method
  • Loan repayment, introducing amortization
  • Amortization of a loan with level payments
  • Sinking-fund loan repayment
  • Bonds, coupons, book values and yield rates
  • Chapter 2 Test
  • Amortization of a bond
  • Callable bonds, examples and illustrations of different bonds

Readings

  • Mathematics of Investment & Credit
    Samuel A. Broverman, Ph.D, ASA · 2023 · Eighth Edition · Required
    ACTEX · ISBN 979-8-89016-016-4
  • Mathematics of Investment & Credit ISBN: 979-8-89016-016-4 Authors: Samuel A. Broverman, Ph.D, ASA Publisher: ACTEX Publication Date: 2023 Edition: Eighth Edition
    See source
  • 11 pp.53-56
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  • 11 pp.56-60
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  • 11 pp.61-62
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  • 11 pp.62-64
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  • 11 pp.64-66
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  • 7 pp.135-139
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  • 7 pp.139-144
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  • 7 pp.144-151
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  • 7 pp.151-153
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  • 7 pp.187-189
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  • 7 pp.189-195
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  • 7 pp.195-200
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  • 7 pp.239-243
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  • 7 pp.244-245
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  • 7 pp.245-246
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  • 6 pp.273-276
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  • 6 pp.277-278
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  • 6 p279
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  • 7 pp. 318-319
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  • 7 pp.319-321
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  • 6 pp.368-370
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  • 6 pp.371-374
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  • 5 pp.394-395
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  • 5 pp.394-396
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Fall 2026 · Intro To Mathematical Finance · C01

Readings

  • Mathematics Of Investment And Credit Ed: 8
    Broverman · 8 · Required
    ISBN 9798890160164
Fall 2025 · Intro To Mathematical Finance · C01

Readings

  • Mathematics Of Investment And Credit Ed: 8
    Broverman · 8 · Required
    ISBN 9798890160164
Sources