ACTS4308 - Actuarial Financial Mathematics

ACTS 4308 Actuarial Financial Mathematics (3 semester credit hours) The purpose of this 3 semester credit hour 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. This class covers parts of the CAS Exam 2 and the SOA Exam FM. Prerequisite: MATH 3351 with a grade of C- or higher. (3-0) R