MTH 32400 Interest Theory
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, bond valuation, the effects of inflation, duration and volatility, and immunization. This course covers the topics needed to be successful on Exam FM/2 by the Society of Actuaries and the Casualty Actuaries Society.
Credits
3
Offered
Every spring semester.