Mathematics of Finance

The mathematics of finance is becoming a very important course in the Canadian math curriculum at the high school, community college, and university level. This is true partly because educators are looking for mathematical topics with obvious applicability and second because today's high interest rate and rates of inflation have made virtually everyone some what aware of the importance of compound interest theory.

We frlt there was a particular need for an up-to-date Canadian textbook written from a Canadian point of view at this time. The Canadian banking and mortgage scene has its own intricacies. We have tried to outline these areas of difference within  a text which covers material that is, in the most part, universally applicable.