This course covers the material for the Actuarial Exam Financial Mathematics (FM), offered by the Society of Actuaries. This course provides the mathematical treatment of the topics Simple and Compound Interest, yield rates, annuities, amortization, valuation of bonds, valuation of stocks, short sales, depreciation, interest rate risk, and basic immunization calculations using duration and convexity.
Prerequisite(s): C or better in MAT 240 .

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