Module code: MTH5124
Credits: 15.0
Semester: SEM1
Contact: Dr Adrian Baule
Prerequisite: Before taking this module you must ( take MTH4101 or take MTH4201 or take MTH4300 or take MTH4400 ) and ( take MTH4107 or take MTH4207 or take MTH4500 or take MTH4600 )
Mathematics is used extensively to value annuities and assurances. We study compound interest, rates of discount, and interest compounded continuously. We will understand the idea of present value and how present value allows us to appraise investment projects. We cover annuities-certain. We consider life tables and use them to find the expected present value of life annuities and life assurances, premiums if life assurances are paid for by life annuities, and surrender value of life assurances.
Connected course(s): UDF DATA
Assessment: 100.0% Examination
Level: 5
