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. 

Application of calculus to compound interest and insurance functions; interest compounded discretely and continuously; force of interest function; annuities payable discretely and continuously; bonds and yield rates; life tables, life annuities, single and annual premiums for insurance and annuities; reserves.

Alternatives: 

n/a

 
Subsequent Courses: 

n/a

 
 
credits: 
3. (N-I)
semester: 
InFrequent
prereqs: 
MATH 222 or 276

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

(608) 263-3054

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