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Mathematics of Finance - ACST881

This unit begins by providing a rigorous mathematical development of compound interest theory, using calculus where appropriate. Topics include the force of interest and its relationship to interest rates, inflation and capital gains tax, discrete and continuous term certain annuities, project appraisal, loans, bonds, yield curves, matching and immunisation, data and the basics of modelling and the definitions of various insurance and annuity contracts. Students are assumed to be able to use the basic functionality of a spreadsheet package of their choice.

Credit Points: 4
When Offered:

S1 Day - Session 1, North Ryde, Day

S2 Day - Session 2, North Ryde, Day

Staff Contact(s): Dr Chong It Tan

Admission to MActPrac Prerequisite Information


NCCW(s): ACST851
Unit Designation(s):


Assessed As: Graded
Offered By:

Department of Actuarial Studies and Business Analytics

Faculty of Business and Economics

Course structures, including unit offerings, are subject to change.
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