RM 410Financial Mathematics for Actuaries
This course focuses on Interest Theory, including compound interest, annuities with non-contingent payments; equations of value; loans and their valuation; the pricing of bonds, determining their yields to maturity and outstanding balances; determination of yield rates; duration of an asset or liability, and immunization of interest rate risk. The course helps prepare actuarial students for the international actuarial exam in Financial Mathematics (FM).
Prerequisites
From the catalog: “C or better in MATH 141”
Where it sits in degree plans
Suggested plans most often put it in Year 3 · Fall (3 programs).
Required in (1)
- Actuarial Science, B.S.