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Principles of Actuarial Studies (1)

505242 - Principles of Actuarial Studies (1)
Faculty

Faculty of Business

Department

Risk Management

Credit Hours

3

Pre-requisite

-

Co-requisite

-

Distribution

0 + 3
This course provides students with theoretical and practical backgrounds to the ?Theory of Interest?. The material covered is a part of the material tested in the second actuarial exam ?Exam FM? by the Society of Actuaries, USA. It applies relevant actuarial techniques to analyze cash flows and covers a broad range of topics including: Time value of Money, types of Interest Rates, and level and non-level annuities. Numerous case studies illustrating these principles are introduced.