2017-2018 Academic Catalog 
    
    Apr 23, 2024  
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2017-2018 Academic Catalog [Archived Catalog]

MATH 514 - Theory of Interest

Credits: Three (3)
Prerequisite: MATH-151, 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. MATH 514 and MATH 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: ACSC 514
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