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AMS 318: Interest Theory Overview by KICKASS is a document available to read on EtoBox.

This chapter introduces the basics of interest theory including definitions of interest, accumulation function, discount rate, and force of interest. It discusses simple versus compound interest, nominal versus effective rates, and inflation adjustment. The course objectives are to prepare students for the SOA FM Exam by covering chapters on time value of money, annuities, loans, bonds, immunization, and equity markets. Assessment includes homework, exams, and a writing project.

Author

KICKASS

Language

EN