Simple and compound interest, annuities, amortization, sinking funds, bonds, bond duration, depreciation, capital budgeting, probability, mortality tables, life annuities, life insurance, net premiums and expenses. Cannot be taken for credit in any module in Statistics or Actuarial Science.
Prerequisite(s):Mathematics 0110A/B or Grade 12U Advanced Functions and Introductory Calculus (MCB 4U) or equivalent, and 1.0 course or two 0.5 courses from Applied Mathematics, Calculus, Linear Algebra, or Mathematics.
Extra Information: 3 lecture hours.
Course Weight: 1.00
Subject Code: ACTURSCI
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