Dec 02, 2023  
2022-2023 Undergraduate Catalog 
    
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2022-2023 Undergraduate Catalog [NOTE!!!! THIS IS AN ARCHIVED CATALOG. FOR THE CURRENT CATALOG, GO TO CATALOG.NIU.EDU]

ACSC 350 - Theory of Interest

Rates of interest, present and future values, annuities-certain, perpetuities, loans, bonds, and guaranteed investment contracts. Key techniques in financial mathematics including discounting, accumulation, amortization, and yield rate determination. Modern financial concepts including yield curves, spot and forward rates, duration, convexity, and immunization. Covers the learning outcomes regarding financial mathematics in the exam FM of the Society of Actuaries (SOA), which is also the Exam 2 of the Casualty Actuarial Society (CAS).

Prerequisites & Notes
PRQ: MATH 230.

Credits: 4