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

Anticipated Course Offering Terms and Locations: