Jul 23, 2019  
2010-2011 Academic Catalog 
    
2010-2011 Academic Catalog [Archived Catalog]

ACSC 414 - THEORY OF INTEREST


Credits: Three
Prerequisite: MATH 251, Minimum grade C-
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. This course, along with Financial Mathematics I, will cover all of the topics mentioned in the most recent Basic Education Catalog of Society of Actuaries under Exam FM Learning Objectives.