AMS 318, Theory of Interest

Catalog Description: Actuarial mathematics including the arithmetical and algebraic problems posed by calculation of simple and compound interest. Considers investment risks created by variable interest rates, inflation, changing foreign currency exchange rates, and changes in tax laws. Develops problem solving skills adopting both deterministic and stochastic approaches and taking into account the perspectives of the consumer and the investor.

Prerequisite: AMS 310

Co-prerequisite: AMS 261 or MAT 203 or 205

3 credits

Textbook: Mathematical Interest Theory, by J. Daniel and L. Vaaler, Prentice-Hall

Actuarial Exam: The material in this course is the basis of the second actuarial exam, Exam FM, of the Society of Actuaries . For more details about actuarial preparation at Stony Brook see Actuarial Program

Fall 2008 Section
Tim Knapik, MW 6:55-8:20 pm, Physics P118, COURSE WEBPAGE

THIS COURSE IS ALSO OFFERED DURING THE SUMMER SESSION. SEE THE SUMMER SESSION SCHEDULE.