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Interest Theory
Coordinator: Ms. Iffat Jahan

Insurance Business, in general and Life Insurance Business in particular involves management of large funds over long terms. Prudent investment of funds becomes imperative for making insurance business cost effective. The course in Interest Theory will equip the student with the various facets of interest in both finite and continuous time. The student will be able

• Appreciate various ways of quoting the interest rate and determine their equivalents
• Work out Present and Acculated values for various streams of Cash Flows
• Work out Equated Instalments
• Determine Yield Rates on Investments
• Apply Interest Theory to amortise lump sums, fixed income securities, etc.
• Development and application of Equation(s) of Payment and its application in insurance business