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NJIT Academic Integrity CODE:  All Students should be aware that the Department of Mathematical Sciences takes the University Code on Academic Integrity at NJIT very seriously and enforces it strictly.  This means that 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 University Code on Academic Integrity, students are obligated to report any such activities to the Instructor.

 

 

Number of Credits:  3

 

Course Description:  The main topics include basic problems in interest, annuities, certain amortization and sinking funds, bonds and related securities. Effective From: Spring 2005.

 

Prerequisites:  Math 112 with a grade of C or better.

 

Textbook:  The Theory of Interest (3rd Ed.) by Stephen Kellison. Publisher: Irwin.  

Instructor:   (for specific course-related information, follow the link below)

 

Math 347-002

Prof. Rappaport

 

Grading Policy:  The final grade in this course will be determined as follows: 

▪ Homework & Quizzes:	20%
▪ Midterm Exams:	40% each
▪ Final Exam:	40%

 

Drop Date:  Please note that the University Drop Date March 20, 2012 deadline will be strictly enforced.

Homework Policy:  Integrity – Your work is expected to be your own. Help from tutors, classmates etc is encouraged but you are responsible for mastering the material. Homework will be assigned at all classes. Homework will be collected and periodic quizzes will be given. Late homework will not receive full credit. There will be no makeup tests, quizzes, or homework.

Makeup Exam Policy:  There will be No make-up EXAMS during the semester. In the event the Final Exam is not taken, under rare circumstances where the student has a legitimate reason for missing the final exam, a makeup exam will be administered by the math department. In any case the student must notify the Math Department Office and the Instructor that the exam will be missed and present written verifiable proof of the reason for missing the exam, e.g., a doctors note, police report, court notice, etc., clearly stating the date AND time of the mitigating problem.

Further Assistance:  For further questions, students should contact their Instructor. All Instructors have regular office hours during the week. These office hours are listed at the link above by clicking on the Instructor’s name. Teaching Assistants are also available in the math learning center.

Cellular Phones:  All cellular phones and beepers must be switched off during all class times.

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MATH DEPARTMENT CLASS POLICIES LINK 

All DMS students must familiarize themselves with and adhere to the Department of Mathematical Sciences Course Policies, in addition to official university-wide policies. DMS takes these policies very seriously and enforces them strictly. For DMS Course Policies, please click here. 

January 16, 2012	M	Dr. Martin Luther King, Jr. Day ~ University Closed
March 11-18, 2012	Su-Su	Spring Recess ~ No Classes Scheduled ~ University Open
March 20, 2012	T	Last Day to Withdraw from this course
April 6, 2012	F	Good Friday ~ University Closed
May 1, 2012	T	Classes follow a Friday Schedule, Last Day of Classes
May 2, 2012	W	Reading Day
May 3-9, 2012	R-W	Final Exams

 

Course Outline and Homework Assignments:

 

Course Outline
Week	Lecture	Sections	Topic	Assignment
1/20	1	4.1 -4.2	General Annuities
1/23	2	4.3 – 4.6	General Annuities
	3	4.3 – 4.6	General Annuities
1/30	4	4.7 -4.8	General Annuities
	5	4.7 -4.8	General Annuities
2/6	6	Chap 5	Cash Flow
	7	Chap 5	Cash Flow
2/13	8	Chap 5	Yield Rates
	9	Chap 5	Yield Rates
2/20	10		Exam
	11	Chap 5	Yield Rates
2/27	12	Chap 5	Portfolio Methods
	13	Chap 5	Portfolio Methods
3/5	14	Chap 6	Amortization Schedules
	15	Chap 6	Amortization Schedules
3/12	16		Spring Recess
	17		Spring Recess
3/19	18	Chap 6	Sinking Funds
	19		exam
3/26	20	Chap 6	Sinking Funds
	21	Chap 6	Sinking Funds
4/2	22	Chap 6	Varying Payments
	23	Chap 7	Bonds
4/9	24	Chap 7	Bonds
	25		No Class
4/16	26	Chap 7	Bonds
	27	Chap 7	Bonds
4/23	28	Chap 7	Bonds
	29	Chap 7	Bonds
4/30	30	Chap 7	Other Securities
5/1	31		Review

 

Prepared By:  Prof. Karen Rappaport

Last revised:  December 7, 2011