Apr 18, 2024  
OHIO University Undergraduate Catalog 2019-20 
    
OHIO University Undergraduate Catalog 2019-20 [Archived Catalog]

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MATH 4560 - Theory of Interest and Life Contingencies


Theory of interest and contingent payment models. Mathematical models for the actuarial present value of a future set of payments contingent on some random event(s); life insurance, life annuities, benefit reserves.

Requisites: MATH 4550
Credit Hours: 3
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes:
  • Analyze cash flows and portfolios.
  • Calculate important characteristics for annuities, loans, and bonds based on given information.
  • Conduct simply analysis and calculation for various financial derivatives.
  • Understand and calculate the time value of money.



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