2017-18 Undergraduate Catalog [ARCHIVED CATALOG]
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MA 362 Financial Mathematics II
This course uses a problem-solving approach to introduce students to the mathematical theory and practice of interest. Much of the class time is spent solving problems similar in scope and level of difficulty to those in the actuarial exam on Financial Mathematics. The course covers: the measurement of interest; equations of value; annuities, yield rates, amortization schedules and sinking funds; bonds and other securities; immunization, interest rate swaps, duration; and recent, practical applications.
Topics may change periodically to reflect changes in the syllabus of the Financial Mathematics exam of the Society of Actuaries.
Prerequisite: MA 202
Corequisite: MA 361
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