Mathematics of Compound Interest.

Catalog description

PR: ( MATH 150 or MATH 155 ) with a minimum grade of C-. Preparation for the Actuarial Exam FM (Financial Mathematics). Covers theory of interest, including accumulation functions; simple and compound interest; effective and nominal rates of interest and discount; force of interest; annuities and perpetuities; amortization and sinking funds; reinvestment; bonds; term structure of interest rates; duration and convexity; and interest rate swaps.