{"id":17188,"date":"2019-03-15T14:00:42","date_gmt":"2019-03-15T18:00:42","guid":{"rendered":"https:\/\/carleton.ca\/math\/?page_id=17188"},"modified":"2026-03-18T22:21:12","modified_gmt":"2026-03-19T02:21:12","slug":"math-connections-finance-science","status":"publish","type":"page","link":"https:\/\/carleton.ca\/math\/math-connections-finance-science\/","title":{"rendered":"Financial Mathematics"},"content":{"rendered":"<h4><span class=\"Apple-style-span\">Financial Mathematics &#8211; <\/span><span style=\"color: #000000;\">(Grade 8-10 Students)<br \/>\n<\/span><strong><br \/>\n<\/strong><\/h4>\n<p><\/p>\n<p><strong>Course Outline: <\/strong><\/p>\n<p>Financial mathematics is a fascinating field that blends mathematics with real-world financial markets. It&#8217;s all about using mathematical models and techniques to understand, analyze, and predict the behavior of money, investments, and financial systems. Whether you&#8217;re interested in becoming a stockbroker, an economist, or just curious about how the world of finance works, financial mathematics can give you the tools to make sense of it all.<\/p>\n<p><\/p>\n<p><strong>Tentative Syllabus:<\/strong><\/p>\n<p><\/p>\n<p><em>Basics of financial mathematics:<\/em><\/p>\n<ul>\n<li>Interest rates,<\/li>\n<li>Growth of money, Yield rates,<\/li>\n<li>Time value of money,<\/li>\n<li>Net Present Value,<\/li>\n<li>Annuities,<\/li>\n<li>Loans &amp; Mortgages.<\/li>\n<\/ul>\n<p><em>Probability and life insurance:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/em><\/p>\n<ul>\n<li>Addition rule, Multiplicative rule. Conditional probability and independence,<\/li>\n<li>Total probability, Bayes&#8217; rule,<\/li>\n<li>Probability distribution of a discrete random variable,<\/li>\n<li>Expectation and variance of a discrete random variable,<\/li>\n<li>Mortality table,<\/li>\n<li>Premium of a life insurance policy.<\/li>\n<\/ul>\n<p><\/p>\n<p><\/p>\n<h4><strong>2026\/27 Course Information<br \/>\n<\/strong><\/h4>\n<p><!---This Course is cancelled this year . Registration for 2026\u20132027 will open in May 2026.---><\/p>\n<p>This course will be offered <strong>September 22nd<\/strong>, 2026 &#8211; April 2027 on<strong> Tuesdays <\/strong>from <strong>6:00 &#8211; 7:30 p.m.<\/strong><\/p>\n<p><strong>Instructor: \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong> <strong>Gang Li<\/strong>\u00a0<a href=\"&#109;&#x61;&#105;&#x6c;&#116;&#x6f;&#58;&#x67;&#108;&#x69;&#64;&#x6d;&#97;&#x74;&#104;&#x2e;&#99;&#x61;&#114;&#x6c;&#101;&#x74;&#111;&#x6e;&#46;&#x63;a\">&#x67;l&#x69;&#64;&#x6d;&#x61;t&#x68;&#46;&#x63;&#x61;r&#x6c;&#101;&#x74;&#x6f;n&#x2e;&#99;&#x61;<\/a><\/p>\n<p><!---<strong>Classroom for Fall Term:\u00a0 TB 210<\/strong>---><\/p>\n<p><\/p>\n<p><strong><span style=\"color: #000000;\">Registration Information<\/span><\/strong><\/p>\n<p><!---Registration for 2025\u20132026 will open in April 2025.\u00a0---><\/p>\n<p>Registration fee: $565.<\/p>\n<p style=\"text-align: center;\"><a class=\"button__red button__red--solid\" href=\"https:\/\/payments.carleton.ca\/math\/junior-math-and-science-courses-2026-27\/\"><strong>REGISTRATION FORM<\/strong><\/a><\/p>\n<h4>If you register after Sept 20th, 2026, please email the course Instructor to let them know, so that you get relevant information promptly.<\/h4>\n<p>For students with limited financial resources fee waivers may be available.<br \/>\nIf you intend to apply for a fee waiver, please do NOT complete the regular registration. If you register for a course and then get approval for a fee waiver, there will be a non-refundable administration fee of $25 per registration.<\/p>\n<p><!---\n<center><a class=\"button__red button__red--solid\" href=\"https:\/\/enrichment.math.carleton.ca\/registration\"><strong>WAITING LIST<\/strong><\/a><\/center>\n---><br \/>\n<a href=\"https:\/\/carleton.ca\/math\/math-enrichment-centre\/fee-waiver\/\">Fee Waiver Information and Application<\/a><\/p>\n<h4><strong>Refund Policy<\/strong><\/h4>\n<p>100% refund prior to August 31st<br \/>\n95% refund prior to September 30th<br \/>\n75% refund prior to October 31st<br \/>\n50% refund prior to November 30th<\/p>\n<p>To request refund, please <a href=\"https:\/\/payments.carleton.ca\/math\/math-enrichment-centre-refund-application\/\">complete this form<\/a>\u00a0before the deadline.<\/p>\n<h4><strong>Inquiries<\/strong><\/h4>\n<p><span style=\"color: #000000;\">For more information, please write to <a href=\"mai&#108;&#116;&#111;&#x3a;&#x67;&#x6c;&#x69;&#x40;&#x6d;ath&#46;&#99;&#97;&#114;&#x6c;&#x65;&#x74;&#x6f;&#x6e;&#x2e;ca\">&#x67;&#x6c;&#x69;&#x40;&#x6d;&#x61;&#x74;&#x68;&#x2e;&#x63;&#x61;&#x72;&#x6c;&#x65;&#x74;&#x6f;&#x6e;&#x2e;&#x63;&#x61;<\/a><\/span><\/p>\n<p><strong><span style=\"color: #1a1a1a; font-family: 'Helvetica',sans-serif;\">**Please note we are unable to answer any enquiries by phone.**<\/span><\/strong><\/p>\n<h4><strong>Need Directions?<\/strong><\/h4>\n<p><a href=\"http:\/\/carleton.ca\/campus\/map\">Carleton University Campus Map<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Mathematics &#8211; (Grade 8-10 Students) Course Outline: Financial mathematics is a fascinating field that blends mathematics with real-world financial markets. It&#8217;s all about using mathematical models and techniques to understand, analyze, and predict the behavior of money, investments, and financial systems. Whether you&#8217;re interested in becoming a stockbroker, an economist, or just curious about [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial Mathematics - School of Mathematics and Statistics<\/title>\n<meta name=\"description\" content=\"Financial Mathematics - (Grade 8-10 Students) &nbsp; 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