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Dec 26, 2024
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2011-2012 Academic Catalog [Archived Catalog]
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ACSC 514 - THEORY OF INTEREST
Credits: Three
Prerequisite: MATH 251, Permission of program director
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. A presentation of one
project is required for the course.
Note: This course is for graduate students only.
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