Mathematical modeling, Finance
Business | Finance and Financial Management | Mathematics
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.
Sweeney, Owen, "Mathematical Modeling in Finance" (2021). Honors Projects. 835.