All
Students should be aware that the Department of Mathematical Sciences takes the
NJIT Honor code very seriously and enforces it strictly. This means there
must not be any forms of plagiarism, i.e., copying of homework, class projects,
or lab assignments, or any form of cheating in quizzes and exams. Under
the Honor Code, students are obligated to report any such activities to the
Instructor.
Mathematics
246-001:
INTRODUCTION
TO FINANCIAL MATHEMATICS
FALL
2005
ô
Instructor: Prof. Tavantzis
ô
Textbook: Mathematics of
Finance, by Petr Zima and Robert L. Brown, 2nd
Edition
ô
Grading
Policy: The final grade in this
course will be determined as follows:
|
±
Homework: |
|
1/3
of final grade |
|
±
Quizzes: |
|
1/3
of final grade |
|
±
Final
Exam: |
|
1/3
of final grade |
ô Homework
–Quiz – Exam Policy:
There will be HW assigned,
collected and graded which will count 1/3 of the grade. There will be short quizzes given
regularly which will also count 1/3 of the grade. And the Final Exam will count 1/3 as
well.
Class
Policies:
Attendance
and Participation: Students must attend all classes.
Absences from class will inhibit your ability to fully participate in class
discussions and problem solving sessions and, therefore, affect your grade.
Tardiness to class is very disruptive to the instructor and students and will
not be tolerated.
Makeup
Exam Policy:
There will be no makeup exams, except in rare situations where the student has a
legitimate reason for missing an exam, including illness, death in the family,
accident, requirement to appear in court, etc. The student must notify the Math
office and the Instructor that he/she will miss an exam. In all cases, the
student must present proof for missing the exam, e.g., a doctor's note, police
report, court notice, etc., clearly stating the date AND times.
Cellular
Phones: All cellular phones and beepers must be
switched off during all class times.
Course
Topics:
|
Week |
Topics: |
|
|
|
|
Week
1 |
Progressions,
arithmetic, geometric, and infinite geometric. |
|
Week
2 |
Simple
interest, equations of values, partial
payments. |
|
Week
3 |
Simple
discount, promissory notes. |
|
Week
4 |
Compound
interest, accumulated value, equivalent rates. |
|
Week
5 |
Compound
discount, accumulated value, fractional interest
periods. |
|
Week
6 |
Finding
rates, finding times. |
|
Week
7 |
Equations
of value for compound interest and discount. |
|
Week
8 |
Simple
annuities, accumulated value. |
|
Week
9 |
Discount
values. |
|
Week
10 |
Other
simple annuities. |
|
Week
11 |
Finding
the term of an annuity, and interest rate. |
|
Week
12 |
General
annuities. |
|
Week
13 |
Perpetuities.
*
Thanksgiving Recess * |
|
Week
14 |
Annuities
whose payments vary. |
|
Week
15 |
(Continued). |
|
FINAL
EXAM WEEK:
DECEMBER
15-21, 2005 |
Prepared
By: John Tavantzis
Last revised: August 11, 2005