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Actuarial Mathematics I ACMA 320 (5)
Survival models. Life insurance and annuities for single life: present value random variables, premium calculations, reserves. Covers part of the syllabus for Exam LTAM of the Society of Actuaries, and practical applications such as computational aspects of pricing and reserving and risk measurement of insurance portfolios. This course is accredited under the University Accreditation Program of the Canadian Institute of Actuaries. Prerequisite: STAT 285 and ACMA 210, with a minimum grade of C. Quantitative.