Mathematics of Finance

Course packs made of openly licensed course materials for educators to use, customize, and share for free. They are collaboratively designed by subject matter experts, instructors, and instructional designers.


These lesson plans are designed to be used in conjunction with the workbook and video tutorials in this package. The instructor may use any mathematics of finance textbook as a supplement. However, it is not necessary and learning outcomes can easily be met by following the workbook.

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Accessibility Statement: The audio in the provided tutorial videos does not always provide a description of what is being displayed.

Learning Outcomes

  • Calculate variables using both simple and compound interest;
  • Construct loan repayment and amortization schedules;
  • Calculate variables using annuities formulas, including bond market value calculations;
  • Describe the features of promissory notes, bonds, and annuities;
  • Judge if a project is viable based on a Net Present Value calculation;
  • Demonstrate the interaction between interest rates and market prices for bonds;
  • Communicate using financial terminology;
  • Solve common business problems employing mathematics of finance.

Course Materials