# Mathematics of Finance: An Introduction

Dublin City University

## Course Description

• ### Course Name

Mathematics of Finance: An Introduction

• ### Host University

Dublin City University

• ### Location

Dublin, Ireland

• ### Area of Study

Finance, Mathematics

• ### Language Level

Taught In English

• ### Course Level Recommendations

Lower

ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

### Hours & Credits

• ECTS Credits

5
• Recommended U.S. Semester Credits
2
• Recommended U.S. Quarter Units
3
• ### Overview

Description
MS216 aims to provide students with a grounding in elements of financial mathematics and its related applications, particularly the calculation of present and accumulated values for various streams of cash flows. Applications will include the use of a variety of annuity functions in loan calculations and investment project appraisal problems.

Learning Outcomes
1. Show how interest rates or discount rates may be expressed in terms of different time periods.
2. Calculate the present value and the accumulated value of a stream of equal or unequal payments using specified rates of interest, and the net present value at a real rate of interest, assuming a constant rate of inflation.
3. Define and use the more important compound interest functions including annuities certain.
4. Define an equation of value.
5. Describe how a loan may be repaid by regular instalments of interest and capital.
6. Apply discounted cashflow techniques to solve investment project appraisal problems.

### Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.