Transcription of MATH1510 Financial Mathematics I
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MATH1510 Financial Mathematics I
MATH1510 Financial Mathematics IJitse NiesenUniversity of LeedsJanuary May 2012 Description of the moduleThis is the description of the module as it appears in the module to mathematical modelling of Financial and insurance markets withparticular emphasis on the time-value of money and interest rates. Introductionto simple Financial instruments. This module covers a major part of the Facultyand Institute of Actuaries CT1 syllabus ( Financial Mathematics , core technical).Learning outcomesOn completion of this module, students should be able to understand the timevalue of money and to calculate interest rates and discount factors. They shouldbe able to apply these concepts to the pricing of simple, fixed-income financialinstruments and the assessment of investment Interest rates. Simple interest rates. Present value of a single futurepayment. Discount factors. Effective and nominal interest rates. Real and money interest rates. Com-pound interest rates.
This module covers a major part of the Faculty and Institute of Actuaries CT1 syllabus (Financial Mathematics, core technical). ... example, the period is measured in years, and the interest rate is quoted per annum (\per annum" is Latin for \per year"). These are the units that are used ... the capital grows to $1180. But the second example ...
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