Aug 13, 2022  
2021-2022 Endicott College Academic Catalog 
  
2021-2022 Endicott College Academic Catalog

MTH 240 - Interest Theory


FA E
This class covers material necessary for the SOA/CAS Financial Mathematics exam. Coursework defines and develops fluent algebraic manipulation of actuarial symbols relevant to finance, and only relies on financial calculators for small calculations. Topics include the mathematical theory of interest rates and its applications in finance; using geometric series and calculus to explore compound interest and derive formulas for the present and future values of annuities, perpetuities, and variable cash flows; and analysis of yield rates, loans and amortization schedules, as well as models for pricing bonds and stocks.

Prerequisites & Notes
MTH 136

(Cr: 3)