BTRY 3090 - Theory of Interest

(crosslisted) STSCI 3090

Spring (offered in even-numbered years only). 4 credits. Student option grading (no audit).

Prerequisite: BTRY 3080 or permission from the instructor.

J. Entner.

This course will cover financial mathematics and financial instruments relevant to exam FM offered by the Society of Actuaries. Topics on the present and accumulated value of future cash flows will be covered including the measurement of simple and compound interest, annuities, yield rates, amortization schedules, bonds, securities, and derivatives.

Outcome 1: Apply the principles of financial mathematics.

Outcome 2: Understand the fundamentals of financial instruments.

Outcome 3: Have a strong background for studying for the SOA FM exam.