MATH 147 - Introduction to Interest Theory
Fall 2013, Section 001
Instruction Mode: Section 001 is (see other Sections below)
Subject: Mathematics (MATH)
Department: LSA Mathematics
See additional student enrollment and course instructor information to guide you in your decision making.

Details

Credits:
3
Requirements & Distribution:
BS, MSA
Credit Exclusions:
No credit granted to those who have completed a 200- (or higher) level mathematics course, except Math 385, 485, 489, or 497.
Advisory Prerequisites:
Three to four years high school mathematics.
BS:
This course counts toward the 60 credits of math/science required for a Bachelor of Science degree.
Repeatability:
May not be repeated for credit.
Primary Instructor:

Description

Background and Goals: This course is designed for students who seek an introduction to the mathematical concepts and techniques employed by financial institutions such as banks, insurance companies, and pension funds. Actuarial students, and other mathematics majors, should elect MATH 424 which covers the same topics but on a more rigorous basis requiring considerable use of calculus. The course is not part of a sequence. Students should possess financial calculators.

Content: Topics covered include: various rates of simple and compound interest, present and accumulated values based on these; annuity functions and their application to amortization, sinking funds and bond values; depreciation methods; introduction to life tables, life annuity, and life insurance values.

Alternatives: MATH 424 (Compound Interest and Life Ins) covers the same material in greater depth and with a higher level of mathematical content.

Subsequent Courses: none

Schedule

MATH 147 - Introduction to Interest Theory
Schedule Listing
001 (LEC)
 In Person
12043
Open
3
 
-
MWF 12:00PM - 1:00PM
Note: Permission off of the waitlist will be given in order of addition.

Textbooks/Other Materials

The partner U-M / Barnes & Noble Education textbook website is the official way for U-M students to view their upcoming textbook or course material needs, whether they choose to buy from Barnes & Noble Education or not. Students also can view a customized list of their specific textbook needs by clicking a "View/Buy Textbooks" link in their course schedule in Wolverine Access.

Click the button below to view and buy textbooks for MATH 147.001

View/Buy Textbooks

Syllabi

Syllabi are available to current LSA students. IMPORTANT: These syllabi are provided to give students a general idea about the courses, as offered by LSA departments and programs in prior academic terms. The syllabi do not necessarily reflect the assignments, sequence of course materials, and/or course expectations that the faculty and departments/programs have for these same courses in the current and/or future terms.

Click the button below to view historical syllabi for MATH 147 (UM login required)

View Historical Syllabi

CourseProfile (Atlas)

The Atlas system, developed by the Center for Academic Innovation, provides additional information about: course enrollments; academic terms and instructors; student academic profiles (school/college, majors), and previous, concurrent, and subsequent course enrollments.

CourseProfile (Atlas)