2011-2012 University Catalog 
  
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2011-2012 University Catalog

MATH 554 - Financial Mathematics

Credits: 3 (NR)
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.

Prerequisite(s): MATH 113

Corequisite(s): MATH 114

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