MATH 265 - Financial Mathematics

Credits: (3)
Prerequisite(s): MATH 112
Simple and compound interest and discount, annuity-immediate, annuity-due, perpetuity, varying annuities, amortization schedule, loan balance, valuation of bonds, yield rate, rate of return, discounted cash flow technique, time- and dollar-weighted interest, spot and forward rate, yield curve, duration, convexity, immunizations, interest rate swap. Prepares students for the Society of Actuaries’ Exam FM and Casualty Actuarial Society’s Exam 2.