This course will cover the basics of theory of interest: simple and compound interest, annuities, yield rates, bonds and securities and practical applications.
This course is a preparation for the Actuarial Exam 140. So we will be emphasizing problems and applications.
The grade in the course will be based in three in--class exams worth 100 each and a final exam worth 200. To pass the course you need to obtain an average of 50\% in the semester exams and above 99 in the final exam.
It is your responsibility to be aware of the dates of the exams and the content and due date of assignments. If you miss a class, it is your responsibility to be aware of the topics discussed during that class, the assigned homework and the and the possibly given assignment.
There is no reason to miss an exam other than getting sick (bring note from doctor), being on a team that has a game at the same time an exam is given (bring a note from your coach), or a death or serious illness in your family (bring a note from your family). In the event you can not attend an exam, you must notify me in advance, otherwise you automatically fail the course.