Course Description for Financial Mathematics for Actuarial Science
Financial Mathematics for Actuarial Science
Prerequisite: MAC 2312
This course covers the content of the joint Society of Actuaries/Casualty Actuarial Society Exam FM/2 on mathematical interest theory. Topics include amount functions, interest rates and yields, force of interest, special annuity types, bonds, yield curves, interest rate sensitivity, and an introduction to the mathematics of financial derivatives.