Department of Mathematics

Van Vleck Hall, 480 Lincoln Drive, Madison, WI

Math 303: Theory of Interest and Life Insurance

Student Body: 

For students in the actuarial sciences or with an interest in it.

Background and Goals: 

Although cross listed with mathematics, this course is usually taught by faculty in the business school. Please contact the business school for more information.

Alternatives: 

n/a

 
Subsequent Courses: 

n/a

 
Course Content: 
  • Series and sums, differentiation
  • The measurement of interest: simple and compound interest, present value and discounting, forces of interest and discounting
  • Solution of problems in interest
  • Annuities: annuities due and immediate
  • Yield rates: cash flow analysis, reinvestment, methods of calculating yield rates
  • Amortization schedules and sinking funds
  • Bonds and other securities
  • Practical applications
credits: 
3. (N-I)
semester: 
InFrequent
prereqs: 
Math 234 or con reg, or consent of instructor.

UW-Madison Department of Mathematics
Van Vleck Hall
480 Lincoln Drive
Madison, Wi  53706

(608) 263-3054

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