Key words
Financial algebra
Objectives
Students gain extra knowledge on annuities and their use, loans and tariff calculations of life insurance.
Topics
- annuities simple and ordinary: definitions, formula, cases and calculation of each payment, interest rate, term
- loans and bonds: types, schemes of repay, actuarial yield
- life insurance: principles of tariff calculation
Prerequisites
Financial algebra of the 1st year.
Final Objectives
Materials used
Textbook: financiële wiskunde volume 2 see 1st year.
Study costs
Textbook 1e year and copies at usual price.
Study guidance
Individual remediation, assisted self study.
Teaching Methods
Lecturing, exercises, assisted self study.
Assessment
First exam session: written exam 70% and permanent assessment 30%.
Second exam session: written exam 100%.
Examination Board Flemish Community: first and second exam session: written exam 100%.
Lecturer(s)
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