AS/SC/MATH 2280 3.0
The Mathematical Theory of Interest
Winter 2003
Department of Mathematics and Statistics
York University
4700 Keele Street
Toronto, Ontario M3J 1P3
| Welcome
to the Course Page of
AS/SC/MATH 2280 3.0 The Mathematical Theory of Interest Winter 2003 |
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Department of Mathematics and Statistics |
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| April 28: | Please click to see preliminary final grades for the course. |
| HAVE A GREAT SUMMER! | |
| April 09: | Final Examination will be given on Friday, April 11th from 8:30 to 11:30am, in CLH J. |
| The exam will cover entire course according to the Course Schedule. Please note that on | |
| the exam from Chapter 7 you will be responsible only for the material of Section 7.3, | |
| which we have covered by the end of the class on Friday, April 4th. | |
| April 04: | Review class will be held on Monday, April 07, from 12:30 to 1:20pm in N501 Ross. |
| March 31: | Test 2 sheets will be returned at the end the class on Monday, March 31st. |
| Am making available solutions to the test in PDF format. | |
| March 17: | Mercer's, a large consulting firm will be giving a presentation for students on |
| Wednesday, March 19 from 2:30 to 4:30pm , in Career Services, N108 Ross. | |
| This will be of interest to anybody who is contemplating an actuarial career. | |
| March 14: | Term Test 2 will be given on Friday, March 21st. Coverage of the test is all |
| the material from Chapters 3 and 4 of the text according to the course outline. | |
| March 04: | The last date to drop the course without academic penalty is March 7. It is extremely |
| important to realistically assess your course performance prior to this date. | |
| February 19: | Test 1 sheets will be returned at the end the class on Monday, February 24th. |
| Am making available solutions to the test in PDF format. | |
| January 31: | Term Test 1 will be given on Friday, February 7th. Coverage of the test is all |
| the material from Chapters 1 and 2 of the text according to the course outline. | |
| January 23: | Please note that office hours for Thursday, Jan 30 will be held on Friday, Jan 31 |
| from 2:30 to 4pm. | |
| January 09: | Lecture room for the course has been changed to FS 020/020A (Farquarson Building). |
| Tutorials for the course will begin on Wednesday, January 15th. | |
| Click Course Information for the location and schedule. | |
| January 06: | Welcome back! |
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| Course: | Session: | Winter 2003 |
| Section: | M | |
| Lectures: | MWF 12:30-1:20pm, FS 020/020A | |
| Tutorials: | W 1:30-2:30pm, N501 Ross | |
| Instructor: | Name: | Iulduz Raguimov |
| Office: | S512 Ross | |
| Office Hours: | M 3-4:30pm, R 4:30-6pm or by appointment | |
| Email: | raguimov@mathstat.yorku.ca | |
| TA: | Name: | Greg Pitt |
| Office: | N514 Ross | |
| Email: | tuba@mathstat.yorku.ca | |
| Grading | Two Term Tests | Each test worth 50% of the term mark |
| Final Examination | Worth 50% of the final grade |
Course Description: Topics include measurement of interest, annuities, amortization of loans, bonds, sinking funds and depreciation. The course is at a level which will prepare students for the interest theory portion of the Society of Actuaries examinations. A more detailed list of topics is contained in Course Schedule.
| Textbook: |
The Theory of Interest, Second Edition |
| by Stephen G. Kellison | |
| published by Irwin Dorsey, ISBN 0-256-09150-1 | |
| Course Prerequisites: | AS/SC/MATH 1010 3.0 or AS/SC/AK/MATH 1014 3.0 or AS/SC/AK/MATH 1310 3.0 |
| Degree Credit Exclusions: | AS/AK/MATH 2580 6.0, AS/MATH 2581 3.0 |
| Important Dates: | January 06: Classes start |
| January 17: Last date to enrol in the course without instructor's permission | |
| January 31: Last date to enrol in the course with instructor's permission | |
| March 07: Last date to drop the course without receiving a final grade | |
| April 04: Classes end | |
| April 07: Examinations Start | |
| April 30: Examinations End. | |
(subject to change)
| WEEK | SECTIONS | COMMENTS |
| January 6-10 | 1.2 - 1.6 | Lectures begin Monday, January 06. |
| January 13-17 | 1.7 - 1.10 | Tutorials begin on Wednesday, January 15. |
| January 20-24 | 2.2 - 2.5 | |
| January 27-31 | 2.6, 2.7, 3.2, 3.3 | |
| February 3-7 | 3.4, 3.5, Test 1 | Term Test 1: Friday, February 7th, in class. |
| February 10-14 | 3.8, 3.9, 4.2 | |
| February 17-21 | Reading Week | No classes. |
| February 24-28 | 4.3 - 4.5 | |
| March 3-7 | 4.6 - 4.8 | |
| March 10-14 | 5.2 - 5.3 | |
| March 17-21 | 5.4, 6.2, Test 2 | Term Test 2: Friday, March 21st, in class. |
| March 24-28 | 6.3 - 6.4 | |
| March 31- April 4 | 7.3 - 7.4, Review | Lectures end Friday, April 4. |
| April 7-30 | Final Examination: Friday, April 11th at 8:30am, in CLH J. |
Note that we will not cover all the sections of each chapter.
| Chapter 1: | Section 1.2 | Exercises: 1, 3, 4. |
| Section 1.3 | Exercises: 5, 6, 8 | |
| Section 1.4 | Exercises: 9, 11, 12. | |
| Section 1.5 | Exercises: 13, 14, 15, 16, 17. | |
| Section 1.6 | Exercises: 18, 19, 20, 21. | |
| Section 1.7 | Exercises: 22, 23, 24(b), 26, 27. | |
| Section 1.8 | Exercises: 28, 29, 30, 31, 32, 33, 34, 35 | |
| Section 1.9 | Exercises: 38, 39, 40, 41(a),42, 43, 44. | |
| Section 1.10 | Exercises: 45, 46, 47, 48, 49, 50, 51, 52. | |
| Chapter 2: | Section 2.2 | Exercises: 1, 2, 3, 4. |
| Section 2.3 | Exercise 5. | |
| Section 2.5 | Exercises: 8, 9, 10, 11. | |
| Section 2.6 | Exercises: 12, 13, 14, 15, 16, 17, 18. | |
| Section 2.7 | Exercises: 21, 22, 23, 24. | |
| Section 2.8 | Exercises: 25, 26. | |
| Chapter 3: | Section 3.2 | Exercises: 1, 2, 3, 4, 5, 6, 7, 8. |
| Section 3.3 | Exercises: 9, 10, 11, 12, 13, 14, 15. | |
| Section 3.4 | Exercises: 17, 18, 19, 20, 21, 22, 23. | |
| Section 3.5 | Exercises: 24, 25, 26, 27. | |
| Section 3.8 | Exercises: 38, 39, 40, 41, 42. | |
| Chapter 4: | Section 4.2 | Exercises: 1, 2, 3. |
| Section 4.3 | Exercises: 5, 6, 7, 8, 9, 10, 11, 12. | |
| Section 4.4 | Exercises: 18, 19, 20, 21, 22. | |
| Section 4.5 | Exercises: 23, 24, 25, 26, 27, 28. | |
| Section 4.6 | Exercises: 30, 31, 32, 33, 34, 35, 36, 37, 38. | |
| Section 4.7 | Exercises: 42, 43, 44, 45. | |
| Section 4.8 | Exercises: 46, 47, 48, 49, 50. | |
| Chapter 5: | Section 5.2 | Exercises: 1, 2, 3, 4. |
| Section 5.3 | Exercises: 7, 9. | |
| Section 5.4 | Exercises: 10, 11, 12, 13, 14. | |
| Chapter 6: | Section 6.2 | Exercises: 1, 2, 3, 4, 5, 6, 7, 8, 9. |
| Section 6.3 | Exercises: 10, 11, 12, 13, 14, 15, 16, 17, 18, 19. | |
| Section 6.4 | Exercises: 20, 21, 23, 24, 25, 26, 27, 28, 29. | |
| Chapter 7: | Section 7.3 | Exercises: 5, 6, 7, 8, 9, 10, 11, 12. |
| Section 7.4 | Exercises: 13, 16, 17, 18, 19. |
The homework problems are given but solutions will not be collected for grading. It is extremely important that students complete all these Homework Problems. Since mathematics is a subject where mastery of previous material is essential in order to understand current topics, successful students must keep up to date in the course and seek help for points they do not understand as soon as possible. The amount you learn in this course and the grade you receive will be proportional to the amount of time you spend doing problems.
Tests: These are two 50 minute written term tests, each worth 50% of the
term mark, held in the lecture period.
Final Examination: This will be a 3-hour exam worth 50% of the final grade
scheduled by the Registrar's Office.
An alternative to the normal grading scheme is to have the final examination
worth 60% of the grade and the term work worth 40%. Students will be evaluated
under whichever scheme maximizes their grade.
Missed tests: There will be no make-up tests. Missed tests will be counted as zero, except under extreme circumstances. Upon presentation of documentation of a valid excuse for having missed a test, your final exam will be used for the missing grade. Students who are absent by virtue of illness for a final examination must apply formally for a deferred exam through the Registrar's Office within one week of the exam..
Note: All tests and exam will be strictly closed book. Any form of academic misconduct will be handled in accordance with the Senate Policy on Academic Honesty. Photo identification, and signing-in is required at all tests and examination.
York University is committed to respecting the religious beliefs and practices of all members of the community and making accommodations for observances of special significance to adherents. If any of the dates specified in the course schedule for in-class tests pose such a conflict, students should contact me within the first two weeks of lectures. Please note if the final examination date poses a conflict, students must complete an Examination Accommodation Form, which can be obtained from the Registrar's Office.
The course web page will be up-dated regularly to include important announcements made in class, such as the material to be covered on the tests and quizzes. Email notes requesting such information contained on the web page will not be answered. Individual questions can be discussed by e-mail, or in person after class, or during office hours.
2- York Undergraduate Math Program
Questions and comments regarding this Web site please send to raguimov@mathstat.yorku.ca
Last updated April 28, 2003