2010-2011 University Catalog 
  
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2010-2011 University Catalog

MATH 554 - Financial Mathematics

Credits: 3
Simple and compound interest, annuities, present and future value, yield rates, capital budgeting, amortization schedules, mortgages, bonds. Material corresponds to the Society of Actuaries Exam: Financial Mathematics (FM). Not appropriate for graduate science and engineering majors not considering actuarial or financial career. Cannot be counted toward MS or PhD degree in mathematics.

Prerequisites
MATH 113

Corequisite
MATH 114

Hours of Lecture or Seminar per week: 3
Hours of Lab or Studio per week: 0