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

ACSC 514 - Theory of Interest


Credits: Three (3)
Prerequisite: MATH-251, Permission of Program Director
This course covers the mathematical theory of compound interest with applications to investments. Topics include accumulation of interest in discrete and continuous time, nominal and effective interest, present and future values, and annuities. This course, along with Financial Mathematics I, will cover all of the topics mentioned in the most recent Basic Education Catalog of Society of Actuaries under Exam FM Learning Objectives. A presentation of one project is required for the course.
Note: This course is for graduate students only.