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- math-372 - theory-of-interest
University of Louisville Course Info
Louisville, Kentucky
Course Info
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MATH 372
Theory of Interest
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
Units: 3.0
Prerequisites:
ENGR 102 - Engineering Analysis II
or
MATH 206 - Calculus II