2017-2018 Academic Catalog 
    Jun 17, 2024  
2017-2018 Academic Catalog [Archived Catalog]

ACSC 514 - Theory of Interest

Credits: Three (3)
Prerequisite: MATH 151 or 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. ACSC 514 and ACSC 515 cover all of the learning objectives contained in Examination FM (Financial Mathematics) of the Society of Actuaries. A presentation of one project is required for the course.
Note: This course is for graduate students only.
Cross-listed: MATH 514