COURSE COVERAGE
Date  Coverage  Homework (from text, 5th edition) 

Sept.5  Introduction. Section 1.1: compound interest, average interest rate. 

Sept.7  Finished Section 1.1 and started on Section 1.2 (present value). 

Sept.10  Section 1.2 and 1.3. Started on 1.4.  1.2.1, 1.2.2, 1.2.4, 1.2.7, 1.2.9, 1.2.12, 1.2.14, 1.4.21.4.4 
Sept.12  Finished Section 1.4 (nominal interest rates) and started on Section 1.5 (rates of discount). [article on Tbills]  1.4.6, 1.5.5, 1.5.11 
Sept.14  Finished Section 1.5 (rates of discount) and started on Section 1.6 (force of interest).  1.5.1, 1.5.2, 1.5.7, 1.5.10, 1.6.1 
Sept.17  Finished Sections 1.6 and 1.7  1.6.21.6.4, 1.6.7, 1.7.2, 1.7.5, 1.7.8 
Sept.19  Accumulated value of an annuity  2.1.4, 2.1.5, 2.1.9, 2.1.11 
Sept.21  AV and PV of annuityimmediate, perpetuityimmediate  2.1.12, 2.1.13, 2.1.192.1.21, 2.1.29, 2.1.30 
Sept.24  Annuitydue, perpetuitydue, mthly payable annuity 

Sept.26  Continuous annuity, solving for unknowns in annuity questions. 

Sept.28  TEST ONE  
Oct.1  Finished solving for unkowns in annuities. Annuities with a geometric progression. 

Oct.3  Finished geometric progressions and started on artithmetic ones. Test one was returned.  2.3.4, 2.3.19, 2.3.11 (corrected!), 2.3.22b, 2.3.23, 2.3.24, 2.3.34, 2.3.36 
Oct.5  Finished arithmetic progression.  2.3.122.3.15, 2.3.18 
Oct.8  THANKSGIVING  
Oct.10  Section 3.1: loan amortization  3.1.1, 3.1.2, 3.1.4, 3.1.10, 3.1.11, 3.1.13 
Oct.12  Loan amortization with level payments.  3.2.3, 3.2.63.2.8, 3.2.12, 3.2.17 
Oct.15  Finished loan amortization and started on sinking funds.  3.2.20, 3.2.26, 3.3.2, 3.3.3 
Oct.17  Sinking funds con't.  3.3.1, 3.3.43.3.6, 3.3.8, 3.3.10 
Oct.19  One last sinking fund example. Started on bonds (Chapter 4). 

Oct.22  Bond pricing on and between coupon dates. 

Oct.24  Finished Section 4.1.3. Some review.  STUDY! 
Oct.26  TEST TWO  Don't forget to set up your AML account for Monday's lecture. Please read the instructions carefully  you do this automatically and in particular, you do not email IT support to set up your account. Specifically, what you need to do is follow the second part: how to activate your AML account. 
Oct.29  Gauss Lab Lecture  
Oct.31  no class  
Nov.2  no class  
Nov.5  Find the yield rate of a bond. Test two returned. 

Nov.7  Amortization of a bond.  4.2.3 (you can use Excel or Open Office), 4.2.4, 4.2.5, 4.2.9 
Nov.9  Started on callable bonds.  Make sure to do question 4.1.18 (after reading Section 4.1.2)! 
Nov.12  Callable bonds con't.  4.3.1, 4.3.2 
Nov.14  Finished callable bonds. Starting on Chapter 5. 

Nov.16  Sections 5.2 and 6.1 

Nov.19  Section 7.1  duration 

Nov.21  review for test  STUDY! 
Nov.23  TEST THREE  Review for final exam:

Nov.26  Section 7.2 

Nov.28 


Nov.30  multiple choice/review  
Dec.3  office hours 