Theory of Interest covers time value of money, discrete and continuous compounding, annuities, bonds, loans, interest rate structures, and portfolio immunization.
Kirk Peter teaches a difficult course where the final exam is worth 50% of the grade. Students found the provided textbook hard to understand and lectures fast-paced, often relying on external resources like Coaching Actuaries to learn the material effectively.
Advanced long-term actuarial modeling covering joint life probabilities, multiple-decrement theory, and pension funds. Students develop multiple state models to calculate premiums and reserves.
Kirk Peter was described as a supportive and personable professor who genuinely cared about students and was always willing to help. The reviewer noted that while exams were not easy, they were fair and prepared students for the MLC.