Financial Mathematics for Actuaries

Catalog description

This course focuses on Interest Theory, including compound interest, annuities with non-contingent payments; equations of value; loans and their valuation; the pricing of bonds, determining their yields to maturity and outstanding balances; determination of yield rates; duration of an asset or liability, and immunization of interest rate risk. The course helps prepare actuarial students for the international actuarial exam in Financial Mathematics (FM).