Dec 03, 2020  
2018-2019 Undergraduate Catalog 
    
2018-2019 Undergraduate Catalog [ARCHIVED CATALOG]

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MATH 418A - Financial Mathematics I


Description:
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).

Prerequisites:
Prerequisite: MATH 173 with a grade of C or higher.

Credits: (4)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

  • 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.
Learner Outcomes Approval Date:
3/1/18



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