Course Catalog Entry

Course ID: MATH  572
Effective Date: 05/02/2000
Title: Theory of Interest
Career: Graduate
Credit Hours: 3.00
Description: Prerequisite: MATH 561. Accumulation function and the special cases of simple and compound interest. Nominal and effective interest and discount rates and the force of interest - constant and varying. Valuation of discrete and continuous streams of payments. Determination of yield rates on investments. Application of interest theory to amortization of lump sums, fixed income securities, depreciation mortgages. Covers the interest theory portion of the Examination 2 of the Society of Actuaries and the Casualty Actuarial Society.


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