MATH 4560 ACTUARIAL MATHEMATICS
Mathematics of interest, present value of basic annuities, loan repayment, the sinking-fund method, Makeham formula, bond prices and amortization, spot rates, stocks and options, futures and forward contracts, foreign currency exchange rates, practical applications in the mathematics of financial analysis. Statistics software will be utilized. Three (3) semester hours. Course Number: Math 4560 Semester Hours: Three (3) Required/Elective: Elective Prerequisite: Math 3544 Type of course: Major Elective in Statistics Option Course revised:5/18/2012