AM 341 - Mathematics of Finance,Insurance,and Pensions

Institution:

Bryant University

Subject:

Description:

Session Cycle: Spring Yearly Cycle: Annual This course will review the mathematics of basic compound interest for determining the future amounts and present values of single and periodic investments. Advanced topics in the mathematics of finance will include complex annuities of fixed periodic amounts, annuities where the periodic payment amount increases arithmetically and/or geometrically, bonds, including duration analyses, investment rates of return, both dollar- and time-weighted, and reverse mortgages. Topics in the mathematics of insurance will include the development of mortality tables and computation functions for the determination of the present and accumulated values of life annuities, premium determination, and settlement payment options. Topics in the mathematics of pensions will include the mathematics of social security, defined benefit and defined contribution pension plans. Students receiving credit for AM340 or AM421 will not receive credit for this course. 3.000 Credit Hours 3.000 Lecture hours Levels: Undergraduate Schedule Types: Lecture College of Arts and Sciences Undergraduate Division Mathematics Department Course Attributes: Applied Actuarial Math Minor

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.bryant.edu

Phone Number:

(401) 232-6000

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Semester

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