MAT 325 - Interest Theory

4 credits
A rigorous, calculus-based treatment of the Theory of Interest, including simple and compound interest, present and future value, annuities, bonds and other securities, yield rates, amortization schedules and sinking funds, yield curves, portfolios, cash flow duration, immunization, and practical applications. This course prepares students for a majority of the content on the Society of Actuaries FM examination.
Prerequisite(s): MAT 132