Financial Mathematics Project- Finite Mathematics
Project Milestones & Directions
For this step of the project you must turn in brief, 2-3 paragraphs, description of the proposed work. For complete credit you must turn in a page with the project description.
Here is a proposed list of projects:
- Describe home mortgage
- Describe adjustable rate home mortgage
- Explain the causes of a financial crisis
- Analyze a publicly traded company
- Analyze a real estate deal
- Build a stock portfolio
- Explain the terms used in one of the Mad Money shows on CNN
- Calculate how expensive the check cashing and pay-day loans are for a person with no bank account
- Introduction to stock options
- Introduction to financial derivatives
- Describe 401k
- Describe and compare traditional and Roth IRA
3. The project report is 4-5 page paper on the topic you chose. Your report should have the format of a research paper. You should have an abstract and the following structure: introduction, two-three sections, conclusions, and references.The goal of the abstract is to give the reader and idea what your paper is about and, more importantly, convince the reader to read the rest of the paper. The introduction section should end with a roadmap of the rest of the paper. In the body of the paper describe one topic from the proposed list above explaining the process of the topic, comparing and contrasting the pros and cons of the topic for an individual or family, and finally make recommendations on what the individual or family should do if they want to invest in the topic or avoid the pitfalls of the topic.
Example Topic & Paper: Describe a money market account and money mutual fund account
Abstract:
In this paper a description of money market accounts and money mutual funds are explained. These two types of accounts are available for people wanting to invest their money in low-risk situations. A description of the financial mathematics is explained along with the pros and cons of each type account. Finally recommendations are given on which type of account one should invest in.
Introduction:
A money market account is a higher interest yielding account that is like a saving account and a checking account. In this paper, the differences between money market accounts and money market mutual funds are explained giving the pros and cons for each type of account. Then recommendations are given for individuals and families pursuing investments.
Money Market Accounts
A description of this type of account will go here list the pros and cons of having this type of account. Include any type of formulas, procedures, or calculations that can show how this account accumulates money for the investor.
Money Market Mutual Funds
A description of this type of account will go here list the pros and cons of having this type of account. Include any type of formulas, procedures, or calculations that can show how this account accumulates money for the investor.
Recommendations
In this section, you will compare and contrast the two accounts and give the recommendations on what is the best account based on what you have analysed from the research you conducted. Synthesize your findings and provide what you would recommend based on your research. Include any formulas, procedures, or calculations that will illustrate your findings.
References - (must include three to five references)-Books, journal articles, newspapers, websites are allowed. (Not included as part of the page count of the paper)
Appendix (optional)- Charts, graphs, or formula sheets that help explain your topic. (Not included as part of the page count of the paper).