Welcome to the Course Page of MATH 2280 3.00 A The Mathematical Theory of Interest Fall 2014 

Department of Mathematics and Statistics 

This
area will contain announcements and solutions to tests. Announcements made in
class will be posted here in reverse chronological order and will not be
repeated in class. Please take a minute to read the announcements carefully, as
they often get updated. You may need to Reload/Refresh this page.
January 02: 
Please click here to see your final exam mark and unofficial 

letter grade for
the course. Please note: grades are subject to 

Faculty approval processes. 

HAVE A NICE WINTER! 
December 05: 
Please note that the graded Test #3 papers will be returned in the 

class today. 
December 04: 
Please note that the Final Examination for the course will take 

place on Sunday, December 21 from 19:00 to 22:00 in TC Rexall. 

The exam will be comprehensive, covering the entire course material 

that we have covered in class from Sections 1.11.7,
2.12.3, 3.13.3, 

4.14.3 and 5.15.2 of the textbook. On the exam you will
be allowed 

to use Texas Instruments BA
II Plus (or Professional) or any other 

nongraphing, nonprogrammable calculator and provided
with the 

following formula sheet. No other aids will be allowed. There will be 

several questions on the exam, some with few parts. Marks for each 

question will be
indicated. You have to show all your work, and you 

should explain
your solutions where appropriate. 

Also, I am making available the latest schedules of the Math Lab 
November 28: 
I am making available solutions to Test
#3 questions. 

Practice exercises for Chapter 5: 

Section 5.1: #5.1.3, 5.1.5(a,c),
5.1.7; 

Section 5.2: #5.2.1, 5.2.2, 5.2.4, 5.2.6. 
November 25: 
As it was announced in the class yesterday, we will write Test #3 during 

the lecture period on Friday, November 28 in two class rooms, as follows: 

 family name starting with A  K: CLH M; 

 family name starting with L  Z: CLH K. 

On the test you will be responsible for all the material covered in class 

from Sections 3.1, 3.2, 3.3, 4.1, 4.2 and 4.3.1 of the textbook. 
November 21: 
I am also making available for you the latest schedules
of Math Lab and 


November 14: 
Please note that the student course evaluations will be available online 

at the URL link: http://courseevaluations.yorku.ca from
November 16 

to December 07, 2014. It
is the time for you to be the judge. Please go 

online and complete the course evaluation. 
November 11: 
Practice exercises for Chapter 4: 

Please read pages 223230 in the textbook. 

Section 4.1: #4.1.1, 4.1.2, 4.1.3, 4.1.4, 4.1.6, 4.1.9(a,b,c), 4.1.10, 

4.1.11, 4.1.13, 4.1.16, 4.1.18,
4.1.21, 4.1.27; 

Section 4.2: #4.2.4, 4.2.5, 4.2.9; 

Section 4.3: #4.3.3, 4.3.4. 
November 06: 
Practice exercises for Chapter 3: 

Section 3.1: #3.1.1, 3.1.2, 3.1.4, 3.1.10, 3.1.11,
3.1.12; 

Section 3.2: #3.2.3, 3.2.6, 3.2.7, 3.2.8, 3.2.12, 3.2.17,
3.2.20, 3.2.26; 

Section 3.3: #3.3.1, 3.3.2, 3.3.3, 3.3.4, 3.3.5, 3.3.6,
3.3.8, 3.3.10. 
November 05: 
I am making available solutions to Test
#2 questions. Please note that 

the graded test papers will hopefully be returned in the
class on Friday, 

November 7^{th}. 
October 28: 
As it was announced in the class yesterday, we will write Test #2 during 

the lecture period on Monday, November 03 in two class rooms, as follows: 

 family name starting with A  K: CLH M; 

 family name starting with L  Z: ACW 006. 

On the test you will be responsible for all the material
covered in class 

from Sections 1.7,
2.1, 2.2 and 2.3 of the textbook, excluding subsections 

2.3.2.3 and 2.3.2.4. 
October 23: 
Practice exercises for Sections 2.3: 

#2.3.1, 2.3.2, 2.3.3, 2.3.4, 2.3.11, 2.3.12, 2.3.13,
2.3.14, 2.3.15, 

2.3.18, 2.3.19, 2.3.22(b), 2.3.23, 2.3.24, 2.3.34, 2.3.36. 
October 07: 
Please note that the graded Test #1 papers will be returned in the class 

on Wednesday, October 08. I am making available solutions to the test 

questions. 
October 06: 
I am making available the URL for the newly created Facebook page of 

the Department of Mathematics and Statistics: 


October 01: 
As it was promised in the class on Monday, I am making
available 

the link to the Statistics Canada Consumer Price
Index(CPI): 

http://www.statcan.gc.ca/tablestableaux/sumsom/l01/cst01/cpis01aeng.htm 

Practice exercises for Sections 2.12.2: 

Section 2.1: #2.1.4, 2.1.5, 2.1.9, 2.1.112.1.13, 2.1.17,
2.1.192.1.21, 

2.1.27, 2.1.29, 2.1.30, 2.1.33; 

Section 2.2: #2.2.1, 2.2.2, 2.2.11, 2.2.14, 2.2.20,
2.2.27. 
September 28: 
Please note that we will write Test #1 during the lecture period on 

Wednesday, October 01 in two class rooms, as follows: 

 family name starting with A  K: CLH M; 

 family name starting with L  Z: SLH B. 

On the test you will be responsible for all the material covered in class 

from Sections 1.1,
1.2, 1.3, 1.4, 1.5 and 1.6 of the textbook. 
September 23: 
Please make note that we are going to have an information session on York's 

Actuarial
Science program on Thursday, September 25 at 4:00 PM in CLH D. 

Also,
right after the session (at 5:00 PM) a group of upper administration from 

Sun
Life Financial will speak about the profession, the hiring process in general 

as well as about the set of skills Sun Life is seeking
when recruiting. The students 

will
have a rare opportunity to address their questions directly to professional 

actuaries that are involved in hiring. Beverages and
snacks are to be provided. 
September 22: 
Please make note that Test #2 will take place during the class time on 

Monday, November 03. 

Practice exercises for Sections 1.61.7: 

Section 1.6: #1.6.1, 1.6.2, 1.6.3, 1.6.4, 1.6.7; 

Section 1.7: #1.7.2, 1.7.5, 1.7.8. 
September 17: 
As it was announced in the class today, I am making
available 

Learning Objectives.
Please note that these objectives were taken 

directly from the website for the Society of Actuaries exams. 
September 15: 
Please note that Tutorials for the course will be
done in the Math Lab, 

S525 Ross Building, Monday through Friday
from 10:30 AM to 3:30 PM. 

I am making available Weekly Schedule
of the Math Lab for the Fall Term. 
September 14: 
I am making available Calculator Instructions for the Texas 

Instruments BA II Plus
calculator. 

Practice exercises for Sections 1.41.5: 

Section 1.4: #1.4.2, 1.4.3, 1.4.4, 1.4.6; 

Section 1.5: #1.5.1, 1.5.2, 1.5.5, 1.5.7, 1.5.10, 1.5.11. 
September 08: 
Welcome! 
To view and/or print
PDF files you need to download the Acrobat Reader 


Practice exercises for Sections 1.11.3: 

Section 1.1: #1.1.1, 1.1.3, 1.1.4, 1.1.5, 1.1.6, 1.1.9,
1.1.10; 

Section 1.21.3: #1.2.1, 1.2.2, 1.2.4, 1.2.7, 1.2.9,
1.2.12, 1.2.14. 
Course: 
Term
and Session: 
Fall
2014 
MATH
2280 
Section: 
A 

Lectures: 
MWF
1:302:20pm, CLH M 
Instructor: 
Name: 
Dr.
Iulduz Raguimov 

Office: 
S512
Ross 

Phone: 
4167362100,
Ext. 66092 or 4167365250 

Office
Hours: 
MF
12:0013:00, R 16:0017:00, also by appointment 

Email: 


Tutorials: 
Weekly Schedule
of the Math Lab for the fall Term 
Grading: 
Three
Tests: 
16%
each 

Final
Examination: 
52% 
Course Description: Actuarial science is the branch of mathematics dealing with insurance and
financial risk. This course focuses on interestonly financial calculations
(e.g. bonds, loans, mortgages). Topics include: measurement of interest,
annuities, amortization of loans, bonds, sinking funds and depreciation. The
course is designed to prepare students for the interest theory portion of the
FM actuarial exam. This course is at a level aimed at students in the Actuarial
Stream, Mathematics for Commerce Honours Program, and requires knowledge of
calculus. For a more detailed list of topics with references
to the textbook, please see Course Schedule.
Textbook: 
Mathematics of Investment and Credit, Fifth Edition 
by
Samuel A. Broverman 


ACTEX
Publications, Inc. 2010. ISBN 9781566987677 
Optional
Aid: 
Solutions
Manual for Mathematics of Investment and Credit, Fifth Edition 

by
Samuel A. Broverman 
Calculator: 
Texas
Instruments BA II Plus. 

Please note that BA II Plus is one of the
allowed calculators for the FM exam. 


Course
Prerequisites: 
SC/MATH
1010 3.00 or SC/MATH 1014 3.00 or SC/MATH 1310 3.00. 
Course
Credit 
SC/MATH
2580 6.00, SC/MATH 2581 3.00 and GL/MATH 2680 6.00. 
Exclusions: 

Important
Dates: 
September
08: Classes
commence. 
September
22: The
last date to enrol in the course without my permission. 

October
06: The
last date to enrol in the course with my permission. 


October
29November 02:
CoCurricular Days (no classes). 

November
07: The last
date to drop the course without receiving a final grade. 

December
05: Classes
end. 
December
0922: Examination
period. 
(tentative, subject to any changes announced in class)
WEEK: 
SECTIONS: 
EVENTS: 
Sept 0812 
Introduction, 1.11.2 
Classes
begin on Monday, September 08. 
Sept 1519 
1.31.4 
Tutorials
start this week. 
Sept 2226 
1.51.6 
September
22 is the last day to enrol without my permission. 
Sept 29Oct 03 
1.7, Test #1 
Test
#1 will take place on Wednesday, October 01. 
Oct 0610 
2.1, 2.2 

Oct 1317 
2.3 
No
classes will be on Monday, October 13. 
Oct 2024 
3.1 

Oct 2731 
3.2 
No
classes will be on October 29 and 31. 
Nov 0307 
Test #2, 3.3 
Test
#2 will take place on Monday, November 03. 
Nov 1014 
4.1, 4.2 

Nov 1721 
4.3.1, 5.1 

Nov 2428 
5.2, Test #3 
Test
#3 will take place on Friday, November 28. 
Dec 0105 
6.1, Review 
Classes
end on Friday, December 05. 
Dec 0922 
Final Examination 
TBA. 
Note: The course will not cover all the sections of each chapter from the Fifth Edition of the textbook.
Throughout the term, practice exercises will be posted to the Announcements section. In order to develop your
understanding of the course material you must do all assigned problems. These
will not be collected for grading and hence will not directly affect your
grade. However, it is extremely important that you complete all assigned
exercises. Do not memorize them. Rather, learn how to solve problems like them.
Learning Mathematics is not a spectacular sport, it is a participatory event.
There is nothing like a bit of computation to strengthen understanding in
mathematics! Use the Solutions Manual only after you have tried the
problem. Successful students must keep up with homework and seek help for
points they do not understand as soon as possible. Do not fall behind! It is
recommended to read the relevant sections of the textbook before every class.
Next to the classes, working out the answers to the problems is the most
important preparation for the tests and exam that will contain for the most
part but not exclusively, questions very similar to those from the textbook. It
is quite practical to work on your own or together in small groups. Each
student should do at least three hours of independent study for every lecture
hour. The amount you learn in this course and the grade you receive will be
proportional to the amount of time you spend working on problems.
Note: Help is also available in the Math
Lab in S525 Ross, 10:30  15:30, five days a week.
All internet connected and other distractive
electronic devices (cell phones, pagers, head phones, digital dictionaries, CD
players, laptops) need to be turned off during class, i.e. during lectures,
tutorials, tests and exams. All such devices as well as all books, papers,
knapsacks, and briefcases must be left at the front of a lecture hall during
tests and exams. Anyone caught with electronic devices will be charged with
Academic Dishonesty (see the next page). The only items you may have at your
seat during exams and tests are pens, pencils, eraser, calculator,
student ID and purses. Notes need to be taken manually; use of cellphone
cameras in class is not allowed. You are responsible for all material covered
in lectures.
Note: Photo identification and signingin are required at all tests
and exams.
The official grades at York
University are LETTER grades. Qualitative descriptions of these grades can be
found in the York Calendar at this link. Your test marks
will be on a numerical scale because these have to be weighted and averaged in
various ways, but THERE IS NO AUTOMATIC PREDETERMINED CORRELATION
BETWEEN NUMERICAL GRADES AND LETTER GRADES in this course. In particular, the
"numerical" grades you receive are NOT to be interpreted as
percentages; they are merely 'raw scores'. When the tests are returned in class, the distribution of 'raw scores' will be announced along
with an approximate conversion to letter grades. The median letter grade for
the course will likely fall between C and C+.
The composition of the final grade is as follows:
Three Tests (50 minutes each written tests held in lecture periods):
16% each (Tentative dates for the tests: Wednesday, October 01; Monday,
November 03 and Friday, November 28, 2014);
Final Examination (threehour exam scheduled by the Registar's Office):
52% of the overall grade, will take place in December 2014, during the
examination period.
Note: Students have five days from the date of the return of test
papers to appeal their marks. Some test papers (randomly selected) are
photocopied before they are handed back, so we can detect subsequent
alterations.
Makeup Policy:
No permission will be given to a student to write tests in
advance of their scheduled dates. No makeup will be done for the tests. A
missed test will be counted as zero, except under extreme circumstances in
which case the corresponding percentage of the overall grade will be
"forwarded" to the final exam. If you miss a test for medical
reasons, you must turn in within one week following the test date the Attending
Physician's Statement form provided here
after getting it filled in by your doctor. No other type of medical note will
be accepted. However, missing tests is extremely dangerous and not
recommended. As experience has shown, students who miss class tests because
of some 'mysterious illnesses' will usually average 30% on the final exam.
Student who misses the final examination will be allowed to write a makeup
exam only if both of the following conditions are met:
1) the student notifies me (raguimov@mathstat.yorku.ca)
or the Department of Mathematics and Statistics (Undergraduate Office, N502/503
Ross Building, 4167362100, Ext. 55902 or 33969) in advance that the
exam will be missed;
2) the student submits within
one week following the exam date the Attending Physician's Statement form
provided here
after getting it filled in by his/her doctor.
Students who miss the final examination and do not meet both conditions will
receive a grade of F. It is student's responsibility to fill out and submit the
Deferred Standing
Agreement form.
Note: Do not make vacation/job plan until the final exam date is
known: having a plane ticket for Banff or Hawaii on December 18 is NOT a
legitimate excuse for absence from a final exam on December 22.
Religious Observance and Accessibility:
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 inclass tests pose such a conflict, students should contact me (raguimov@mathstat.yorku.ca) within the first weeks of classes. Please note that if the final exam date poses a conflict, students must complete the Final Exam Accommodation form, which can be obtained from the Registrar’s Office. Please note that York University welcomes feedback on accessibility issues. Your feedback may be provided by sending email to: mathstat@yorku.ca
Academic Honesty:
Students are responsible for familiarizing themselves with University Policies and Regulations. Conduct that violates the ethical or legal standards of the university community or of one’s programme or specialization may result in serious consequences. Refer to the Senate Policy on Academic Honesty. Photo identification and signingin are required at all tests and exams. Also, some test papers (randomly selected) will be photocopied before they are returned so that subsequent alterations can be detected.
Individual questions can be discussed by email or in person after class, or during office hours. Please send all email notes as plain text within the body of the message. Do not send attachments or HTMLformatted email. No texting, please. Also, if the name of your account is an alias, I will not know who the mail is from unless you sign it; it also risks being accidentally discarded as junk mail. The course web page will be updated regularly to include important announcements made in class, such as the material to be covered on the tests. Email notes requesting such information contained on the web page will be answered the last.
1 Actuarial program at York
2 Be An Actuary
3 EXAM FM/2
4 What does it take?
5 CAREER CENTRE
6 ASSAY
7 Club
Infinity
8 Local
time in Toronto
Questions and comments regarding this web page please send to raguimov@mathstat.yorku.ca
© 20042015, All Rights Reserved, York University & Iouldouz S. Raguimov
Last updated January 02, 2015