Description
The theory behind interest is explored with applications to economics and finance. These concepts are applied to various annuity functions and in the calculation of present and accumulated value for various financial structures. Topics will include reserving calculations, valuation, pricing, duration, investment income, and other areas designed to ready students for the second (SOA Exam FN) Actuarial Exam.
Area of Investigation Fulfilled: Honors
Prerequisites: MA 272 OR consent of instructor
Offered: Fall semester of even numbered years
(Three credit hours)