UNIVERSITY
ACCREDITATION
PROGRAM
OVERVIEW
In May 2010, the Accreditation Committee (AC) was
appointed to implement a University Accreditation Program
(UAP). The goal of the program is to provide exemptions for
some of the preliminary professional examinat
Changes for Exam MLC Spring 2016 Syllabus
June 5, 2015
The following three changes will appear in the final published syllabus for this exam
which will be available in early November. These changes do not affect the Fall 2015
syllabus or examination.
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ems: _ _ _'
VEHICLES BUYING
Payment Estimator Nissan Finance Test Drive
NiSSAN uvim Dealers Special Offers Fieet Buying
ERUNGH THE NUMBERS
First, begin with a Manufacturer's Suggested Retail Price (MSRP), b
ACT 230H1F 201209
(Sep 17, 2012b version: please monitor updates at www.utstat.utoronto.ca/sharp)
Professional Society of Actuaries and CFA Exams
It is important to note that this course does not count as an ACT240 credit in the UTSG actuarial science pro
Example 1
(FM manual, section
4):
Jeff and John shared equally in an
inheritance. Using his inheritance,
John immediately bought a 10year annuitydue with annual
payments of 2500 each. Jeff put
his inheritance in an investment
fund earning an annual effec
m
ACT230 Math of Finance
Fall Term, 2013
Important Note:
This course is NOT for students who wish to pursue an actuarial science major or
specialist program. If that is what you aspire to do, please enrol in ACT240
Fundamentals of Investment and Credit i
Example 1
Jeff and John shared equally in an
inheritance. Using his inheritance,
John immediately bought a 10year annuitydue with annual
payments of 2500 each. Jeff put
his inheritance in an investment
fund earning an annual effective
interest rate of 9%
Example 1.8 (textbook)
Monthly compounding of interest
Sam has just received a credit card with a credit limit of 1000$. The card issuer
quotes an annual charge on unpaid balances of 24%, payable monthly. Sam
immediately uses his card to its limit. The fi
ACT 230H1F, Fall 2016 Mathematics of Finance for NonActuaries
Lecture Section
Lecture times, location
Instructor
Instructors office hours
TA office hours
Tutorial sections by first letter of your family
name
Texts:
Required

L0101 Mondays, Fridays
M 10
Example 1
The interest rate is of 5% per annum simple. Calculate the amount of money, which must
be invested on January 1, 2004 to produce $1,500 on January 1, 2014.
Example 2
Mr. Chan deposits $1,000 on January 1, 2007 at a rate of i effective. Mrs. Smit
ACT230 Monday, Sep 12
Interest rate measurement
There are 2 ways of calculating interest:
 Single interest
 Compound interest
There are 4 ways if measuring interest:
 Effective rate of interest
 Nominal rate of interest
 Rate of discount
 Force of i