ACSC 514 - Theory of Interest
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.
Note: This course is for graduate students only.
Related Courses: ACSC-414
Prerequisite: MATH 151 or Permission of Program Director