edX
edXActuarial Science: Financial Math and Probability
362 studentsINTERMEDIATEEnglish
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Financial Math and Probability for Risk
Actuarial work means modeling uncertainty—present values, bond pricing, loan amortization, and probability distributions. This course builds mastery of the math that protects institutions and individuals.
You'll move from simple interest calculations to joint and conditional probabilities, then apply the framework to insurance valuation where small errors compound. For candidates targeting actuarial credentials or anyone managing financial risk professionally.
About this course
How to perform calculations relating to the present value, current value, and accumulated value of cash flows, using rates of interest, rates of discount and the force of interest. ,How to calculate the price of bonds with various features, develop loan and bond amortization tables, and perform calculations related to loan payments, balances, and refinancing. ,General probability concepts including discrete and continuous random variables, expectations, variance, and distributions. ,How to perform calculations concerning individual, joint, marginal, and conditional probability functions. ,How to apply probability concepts to the valuation of insurance contracts.
Price
$876
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