ACTS6308 - Actuarial Financial Mathematics

ACTS 6308 Actuarial Financial Mathematics (3 semester credit hours) The purpose of this course is to provide an understanding of the fundamental concepts of financial mathematics, and how those concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing, asset liability management, investment income, capital budgeting, and valuing contingent cash flows. The topics discussed include loans, bonds, and annuities, as well as determinants of interest rates and interest rates swaps. This class covers parts of the CAS Exam 2 and the SOA Exam FM. Instructor consent required. This course can be replaced by other electives only if the student successfully has passed SOA Exam FM before-hand and the student formally obtained approval from the Graduate Advisor. Instructor consent required. (3-0) Y