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Dec 26, 2024
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2020-2021 Undergraduate Catalog [ARCHIVED CATALOG]
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MATH 345 - Mathematics of Interest Rates
Credit Hours: 3
Lecture Hours: 3
Lab Hours: 0
The course closely follows the financial mathematics syllabus of society of actuaries. The purpose of the course is to develop practical knowledge of the theory of interest in both finite and continuous times, know how these concepts are used in the various annuity functions, and be able to apply the concepts of present and accumulated value for various streams of cash flows as a basis for future use in reserving, valuation, pricing, duration, asset/liability management, investment income, capital budgeting, and contingencies.
Prerequisite: MATH 140 and MATH 142
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