2019-2020 Academic Catalog 
    
    Apr 10, 2020  
2019-2020 Academic Catalog

ACSC 514 - 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 514 and ACSC 515 cover all of the learning objectives contained in Examination FM (Financial Mathematics) of theSociety of Actuaries.
Note: This course is for graduate students only.

Cross-listed: ACSC-414
Prerequisite: MATH 151 or Permission of Program Director