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Nov 23, 2024
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2017-2018 Academic Catalog [Archived Catalog]
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ACSC 414 - Theory of Interest
Credits: Three (3)
Prerequisite: ACSC/MATH 151
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. ACSC 414 and ACSC 415 cover all of the learning objectives contained in Examination FM (Financial Mathematics) of the Society of Actuaries.
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