Interest Theory

Catalog description

(cross-leveled with MATH 4370 ). This course covers the main probability tools applied to financial risk modeling, and the financial mathematics concepts used in calculating present and accumulated values for various cash flows. It is a helpful tool in preparing for the Society of Actuaries exams P (Probability) and FM (Financial Mathematics), and it is oriented towards problem solving techniques illustrated with previous exam problems. Students are encouraged to take MATH 4355 prior to this course. Credit Hour s : 3 Prerequisites: MATH 2300 , MATH 4320 / STAT 4750