Actuarial Science 2553A/B – Mathematics of Finance

Time value of money, accumulation and discount functions, effective rates of interest and discount and present values, as applied to annuities and other financial products, and/or applications including loan repayment schedules and methods. Antirequisite(s): Actuarial Science 2053. Prerequisite(s): A minimum mark of 60% in Calculus 1501A/B or Applied Mathematics 1413, or Calculus 1301A/B with a minimum mark of 85%, or the former Calculus 081a/b with a minimum mark of 60% if completed by August 2003. Corequisite(s): Pre-or Corequisite(s): Extra Information: 3 lecture hours, 1 tutorial hour, 0.5 course. back to top





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