Inflation; rates of interest [simple, compound (interest and discount), real, nominal, effective, dollar-weighted, time-weighted, spot, forward], term structure of interest rates; force of interest (constant and varying); equivalent measures of interest; yield rate; principal; equation of value; present value; future value; current value; net present value; accumulation function; discount function; annuity certain (immediate and due); perpetuity (immediate and due); stocks ( common and preferred); bonds (including zero-coupon bonds); other financial instruments such as mutual funds, and guaranteed investment contracts. Determining equivalent measures of interest; discounting; accumulating; determining yield rates; estimation the rate of return on a fund; and amortization.

 

Course Code: 
ACT 212
No. of Credits: 
3
Level: 
Level 200
Course Semester: 
First Semester
Pre-requisite: 
MAT 102
Select Programme(s): 
Actuarial Science