MA 349 Actuarial Mathematics
This course covers the fundamentals of financial valuation and pricing of Life and Annuity contracts as covered in the Joint Society of Actuaries/Casualty Actuarial Society FM exam and the Life Contingencies portion of the Society of Actuaries FAM exam. This includes the Theory of Interest; valuation of loans, annuities, and bonds; the term structure of interest rates, rates of return and attribution of investment income. The Life Contingencies section adds mortality and survival to these financial computations including computation of Life Insurance and Annuity benefits, premiums, and valuation.
Prerequisite
MA 331 and
FN 215 which may be taken concurrently.
Corequisite
MA 331 and FN 215 which may be taken concurrently.