PSTAT 171 Mathematics of Compound Interest

Lecture Times/Location:                  Tu Th 3:30-4:45, North Hall 1105

Instructor:                                         Adam Tashman

Instructor Office Location:              South Hall 5517

Instructor Email Address:               tashman@pstat.sunysb.edu

Instructor Office Hours:                  TBD

TA:                                                    TBD

TA Office Location:                         TBD

TA Email Address:                          TBD

TA Office Hours:                             TBD

 

Course Textbooks and Coverage (as recommended by SOA/CAS)

 Broverman, S.A.; Mathematics of Investment and Credit (Fourth Edition), 2008, ACTEX Publications 

Calculator

You are expected to use calculators for the exams.  The Society of Actuaries recommends the Texas Instruments BA II Plus calculator, and this class will use this calculator.

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COURSE OBJECTIVES

This course is an introduction to the mathematics of compound interest.  The topics covered correspond to the interest theory of the Exam FM of the Society of Actuaries, including:

  1. The Measurement of Interest
  2. Solution of Problems in Interest
  3. Basic Annuities
  4. More General Annuities
  5. Yield Rates
  6. Amortization Schedules and Sinking Funds
  7. More Advanced Financial Analysis
  8. Full Immunization

 IMPORTANT DATES

First lecture meeting

Thurs, September 23

Midterm

TBD

Final Exam

Friday December 10, 4-7pm

 

 GRADING BREAKDOWN

Quizzes

30%

Midterm

30%

Final

40%

 

QUIZZES

Given certain Thursdays

Advance notice will be given

Based on suggested problems

Lowest grade dropped

 

DISCUSSION SECTIONS

These sections have the following aims:

Review concepts from lecture

Provide time for students to work on suggested problems

Review solutions to suggested problems.

 

OTHER ISSUES

Throughout our time together the sooner you inform me of any problem, personal or academic, which may affect your attendance or performance, the better the chance we have of solving it together.

Americans with Disabilities Act (ADA) Notification:

Students with disabilities are responsible for ensuring that the Disabled Students Program (DSP) is aware of their disabilities and for providing DSP with appropriate documentation. DSP is located in 2120 Student Resource Building and serves as the campus liaison regarding issues and regulations related to students with disabilities. The DSP staff works in an advisory capacity with a variety of campus departments to ensure that equal access is provided to all disabled students.  Students with disabilities attending UCSB can be assured of receiving the same core support academic services offered throughout the University of California's System-wide chain of campuses.