Dec 26, 2024  
2021-2022 Undergraduate Catalog 
    
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2021-2022 Undergraduate Catalog [ARCHIVED CATALOG]

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MATH 448 - Introduction to Financial Mathematics

Class Hours: 3
Lab/Discussion: 0
Credits: 3

Prerequisite: MATH 115  or MATH 125  or MATH 121 ; and MATH 214  or MATH 216  or MATH 217 
A rigorous mathematical treatment of the theory associated with financial transactions is undertaken. Geometric series and other concepts are used to construct mathematical models for analytically pricing various financial securities based on the time value of money. Studies how to construct mathematical models for pricing cash flows and explores the equivalency of different cash flows. Includes a detailed study of interest theory and financial economics. Prepares students for the Society of Actuaries Financial Mathematics (FM) exam.


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