Theory of Financial Mathematics

Catalog description

This course is a differential calculus-based introduction to interest theory and the time value of money. Students will learn about simple and compound interest, nominal and effective rates of interest and discount, standard and nonstandard annuities, amortization schedules, sinking funds, bond valuation, duration, convexity, and immunization. This course covers all the topics needed for Exam FM/2 by the Society of Actuaries and the Casualty Actuarial Society. Prerequisite: MTH 17500 or MTH 27100 with a C or better. Share this Page Facebook this Page (opens a new window) Tweet this Page (opens a new window) Print (opens a new window) Help (opens a new window)