Mathematics of Interest Rates

Catalog description

The course closely follows the financial mathematics syllabus of society of actuaries. The purpose of the course is to develop practical knowledge of the theory of interest in both finite and continuous times, know how these concepts are used in the various annuity functions, and be able to apply the concepts of present and accumulated value for various streams of cash flows as a basis for future use in reserving, valuation, pricing, duration, asset/liability management, investment income, capital budgeting, and contingencies.