2016-2017 Academic Catalog 
    Jun 14, 2021  
2016-2017 Academic Catalog [Archived Catalog]

ACSC 414 - Theory of Interest

Credits: Three (3)
Prerequisite: MATH-251, Minimum grade C-
This course covers the mathematical theory of compound interest with applications in investments. Topic includes accumulation of interest in discrete and continuous time, nominal and effective interest, present and future values and annuities.  ACSC 414 and ACSC 415 cover all of the learning objectives contained in Examination FM (Financial Mathematics) of the Society of Actuaries.