Bulletin Year: 2023 - 2024 Undergraduate Bulletin | View the current NMU Catalog.
MA 370 Interest Theory 3 cr.

The goal of the course is to provide an understanding of the fundamental concepts of financial mathematics, and how those concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing, asset/liability management, investment income, capital budgeting, and valuing contingent cash flows. The student will also be given an introduction to financial instruments, including derivatives, and the concept of no-arbitrage as it relates to financial mathematics.

MA 370 covers all topics on the current SOA Exam FM / CAS Exam 2 syllabus.