Financial Mathematics. 3 credits

Catalog description

Simple and compound interest, annuities, present and future value, yield rates, capital budgeting, amortization schedules, mortgages, bonds. Material corresponds to the Society of Actuaries Exam: Financial Mathematics (FM). Not appropriate for graduate science and engineering majors not considering actuarial or financial career. Cannot be counted toward MS or PhD degree in mathematics. Offered by Mathematics . May not be repeated for credit.