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Sep 27, 2024
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MATH 3560 - Theory of Interest
Introduction to the mathematical theory of interest, including material from examinations by the Society of Actuaries and the Casualty Actuarial Society. Financial transactions involving interest, such as measurement of interest, force of interest and annuities-certain.
Requisites: C or better in MATH 2302
Credit Hours: 3
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes: - Students will be able to perform calculations relating to present value, current value and accumulated value.
- Students will be able to calculate present value, current value and accumulated value for sequences of non-contingent payments.
- Students will be able to perform calculations connected with bonds.
- Students will be able to perform calculations relating to loans.
- Students will be able to perform calculations associated with yield curves, rates of return, measures of duration and convexity.
- Students will be able to perform calculations related to cash flow matching and immunization.
- Students will be able to perform calculations associated with interest rate swaps.
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