Jul 18, 2018  
2016-2017 Academic Catalog 
    
2016-2017 Academic Catalog [Archived Catalog]

ACSC 415 - Financial Mathematics I


Credits: Three (3)
Prerequisite: ACSC-414
This course covers the mathematical theory of compound interest with applications to investments and corporate finance. Topics include accumulation of interest in discrete and continuous time, nominal and effective interest, present and future values, annuities and variable cash flows, loans, valuation of stocks, bonds and other securities, and the assessment of corporate financial performance using standard financial models. ACSC 414 and ACSC 415 cover all of the learning objectives contained in Examination FM (Financial Mathematics) of the Society of Actuaries.