Feb 24, 2019  
2018-2019 Academic Catalog 
    
2018-2019 Academic Catalog

ACSC 415 - Financial Mathematics


Credits: Three (3)
Prerequisite: ACSC-414
This course covers the mathematical theory of compound interest with applications to investments and corporate finance. Topics include amortization of loans sinking fund, price of bonds, amortization of premium, accumulation of discount, interest rate swaps and determinants of interest rates; the dollar weighted return, time-weighted rate of return, duration and convexity of cash flows; constructing an investment portfolio to fully immunize set of liability cash flows. ACSC 414 and ACSC 415 cover all of the learning objectives contained in Examination FM (Financial Mathematics) of the Society of Actuaries.
Cross-listed: ACSC-515