Mathematics of Compound Interest ACMA 210 (3)
Measurement of interest, present value. Equations of value. Basic annuities: immediate, due, perpetuity. General annuities. Yield rates: cash flow analysis, reinvestment rate, portfolio and investment year methods. Amortization schedules and sinking funds. Bonds and other securities. Inflation, yield curves, immunization. Applications: real estate mortgages, depreciation methods. Interest rate disclosure and regulation in Canada. Covers the interest theory portion of Exam FM of the Society of Actuaries. Prerequisite: MATH 152; or MATH 155 or MATH 158 with a grade of at least B. Quantitative.
| Section | Instructor | Day/Time | Location |
|---|---|---|---|
|
Gary Parker |
Sep 3 – Dec 2, 2019: Tue, 10:30–11:20 a.m.
Sep 3 – Dec 2, 2019: Thu, 9:30–11:20 a.m. |
Burnaby Burnaby |
|
| D101 |
Sep 3 – Dec 2, 2019: Tue, 11:30 a.m.–12:20 p.m.
|
Burnaby |