Academic Catalog 2022–2023

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MTH407 Actuarial Mathematics

[3–0, 3 cr.]

This course covers survival functions, complete and curtate future lifetime random variables, life tables, select and ultimate survival functions, valuation of insurance benefits, mathematics of life annuities, future loss random variables, premium calculations, policy values calculation, multiple state models and mathematics of pension plans and retirement benefits.

Prerequistes: MTH305 and either MTH402 or FIN301