MATH 424 - Compound Interest and Life Insurance
Fall 2013, Section 002
Instruction Mode: Section 002 is (see other Sections below)
Subject: Mathematics (MATH)
Department: LSA Mathematics
See additional student enrollment and course instructor information to guide you in your decision making.


Requirements & Distribution:
Waitlist Capacity:
Advisory Prerequisites:
MATH 215, 255, or 285 or permission of instructor.
This course counts toward the 60 credits of math/science required for a Bachelor of Science degree.
May not be repeated for credit.
Primary Instructor:


This course explores the concepts underlying the theory of interest and then applies them to concrete problems. The course also includes applications of spreadsheet software. The course is a prerequisite to advanced actuarial courses. It also helps students prepare for the Part 4A examination of the Casualty Actuarial Society and the Course 140 examination of the Society of Actuaries. The course covers compound interest (growth) theory and its application to valuation of monetary deposits, annuities, and bonds. Problems are approached both analytically (using algebra) and geometrically (using pictorial representations). Techniques are applied to real-life situations: bank accounts, bond prices, etc. The text is used as a guide because it is prescribed for the Society of Actuaries exam; the material covered will depend somewhat on the instructor. MATH 424 is required for students concentrating in actuarial mathematics; others may take MATH 147, which deals with the same techniques but with less emphasis on continuous growth situations. MATH 520 applies the concepts of MATH 424 together with probability theory to the valuation of life contingencies (death benefits and pensions).


MATH 424 - Compound Interest and Life Insurance
Schedule Listing
001 (LEC)
 In Person
TuTh 10:00AM - 11:30AM
9/3/13 - 12/11/13
Note: Actuarial majors who are waitlisted will be given preference to register.
002 (LEC)
 In Person
TuTh 11:30AM - 1:00PM
9/3/13 - 12/11/13
Note: Actuarial majors who are waitlisted will be given preference to register.

Textbooks/Other Materials

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Syllabi are available to current LSA students. IMPORTANT: These syllabi are provided to give students a general idea about the courses, as offered by LSA departments and programs in prior academic terms. The syllabi do not necessarily reflect the assignments, sequence of course materials, and/or course expectations that the faculty and departments/programs have for these same courses in the current and/or future terms.

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CourseProfile (Atlas)

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