2019-2020 Academic Catalog 
    
    Apr 02, 2020  
2019-2020 Academic Catalog

ACSC 414 - Theory of Interest


Credits: Three (3)
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.
Cross-listed: ACSC-514
Corequisite: MATH 151