Browse Hierarchy MTH5124: Actuarial Mathematics I

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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.

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