Theory of Financial Mathematics I

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, and bond valuation. This course, together with MTH 32500 , covers topics needed to be successful on Exam FM/2 by the Society of Actuaries and the Casualty Actuarial Society. Fee Information: Lab fee may be required. Prerequisite: MTH 17500 or MTH 27100 with a C or better.