Oct 27, 2020
MATH 418A - Financial Mathematics I
Actuarial financial mathematics, including the time value of money, methods of measuring interest and discount, non-contingent annuities and cash flows, and loans and amortization. Course will be offered every year (Fall).
Prerequisite: MATH 173 with a grade of C or higher.
Upon successful completion of this course, the student will be able to:
Learner Outcomes Approval Date:
- Compare methods of measuring interest and discount, including effective rates, nominal rates, and variable force of interest.
- Value an investment or series of cash flows using variable force of interest.
- Value annuities-certain as of a given date, including level and variable (arithmetic and geometric) annuities and perpetuities.
- Value the outstanding balance, principal paid, and interest paid for a loan at any point in time, including loans with variable interest rates or non-level payments.
- Choose appropriate interest rates for a given problem and justify that choice.
- Communicate financial mathematics results clearly in writing.
Add to Portfolio (opens a new window)