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MAT 207 – Actuarial Mathematics

Mathematical theory and practical application of compound interest, including the measurement of interest, annuity calculations, loan repayment, and security valuation. Stress laid on theoretical foundations, derivations, and proofs. Introduction to financial simulation.

Students interested in actuarial science, accounting, risk analysis, insurance underwriting, finance, management, statistics, and education would benefit from taking this course.

Prerequisite: MAT 202