Course Description

Actuarial Science 223a Mathematics of Finance

Time value of money, accumulation and discount functions, effective rates of interest and discount and present values as applied to annuities and other financial products and/or applications including loan repayment schedules and methods.

Antirequisite: Actuarial Science 153.
Prerequisite: A minimum grade of "C" in Calculus 051a/b or 081a/b.
3 lecture hours, half course.


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