Course Syllabus

In this course, you will learn:

Time value of money using Accumulation and Discount Functions;  Simple and Compound Methods;  Interest Rates and Discount Rates; Nominal and Effective Rates; Force of Interest

Time-weighted and Dollar-Weighted Yield rates involving Single and Multiple Contributions;

Present Value and Accumulated Value of Annuities Immediate, Annuities Due, Continuous Annuities, Perpetuity, and Deferred Annuities for Level Payments as well as payments that increase/decrease in Arithmetic or Geometric Progression;

Loan repayments using Amortization Method and Sinking Fund Method;

Various pricing formulas for Bonds (Basic Price Formula, Premium Discount Formula, Makeham Formula);  Valuation of Bonds after issue;

Term Structure of Interest Rates (Spot Rates and Yield Rates);

Modified & Macaulay Duration for any set of cash flows..