MTH 32400 Theory of Financial Mathematics I
This course is a differential calculus based introduction to interest theory and the time value of money. Students will learn about simple and compound interest, nominal and effective rates of interest and discount, standard and nonstandard annuities, amortization schedules, sinking funds, and bond valuation. This course, together with MTH 32500, covers topics needed to be successful on Exam FM/2 by the Society of Actuaries and the Casualty Actuarial Society.
Credits
3
Offered
Fall.