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Finance and Financial Management Commons

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Physical Sciences and Mathematics

Grand Valley State University

Finance

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Full-Text Articles in Finance and Financial Management

Mathematical Modeling In Finance, Owen Sweeney Apr 2021

Mathematical Modeling In Finance, Owen Sweeney

Honors Projects

Financial tools play an integral role in the day-to-day lives of individuals and businesses. Many of these tools use predefined formulas to calculate items such as loan payments, interest and capital structure components. These tools do not usually provide the flexibility needed when new parameters are introduced. By utilizing mathematical modeling, these standard formulas can be derived and even improved to provide the needed flexibility.