Financial Mathematics I

Catalog description

This course covers topics such as time value of money involving calculations relating to the present value, current value, and accumulated value; annuities/cash flows with non-contingent payments; loans and related calculations; bonds and related calculations. In addition, the course covers concepts concerning yield curves, rates of return, measures of duration and convexity, cash flow matching and immunization, and related calculation. ACS 1530 is the first of the two-course Financial Mathematics sequence that prepares students for Exam FM/Exam II.