UNIVERSITY OF TORONTO 
ACT240: Mathematics of Investment & Credit 
Comprehensive Study and Exam Preparation Guide 2025 
 
Part 01: Revision Notes 
Part 02: Practice Examination Paper 
Part 03: Detailed Solutions & Explanations 
Part 04: Proven Exam Strategies & Tips 
 
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University of Toronto - Mathematics of Investment & Credit (ACT240)

C$35.00

ACADEMIC YEAR 2024 - 2025

University	University of Toronto
Study Level	Undergraduate
Course Code	ACT240
Course Name	Mathematics of Investment & Credit
Notes Title	Comprehensive Study and Exam Prep Guide
Page Length	64

This concise ACT240: Mathematics of Investment & Credit - Comprehensive Revision Guide and Notes (2025) covers essential steps to understand the relevant theories in the course. The illustrations and worked examples show essential workings to apply those theories. And when you are through with your course materials, you can take a sample exam with solutions and explanations provided, created specifically to simulate the real test-taking experience. With this guide, you can aim for the best grade with the help of relevant and accessible notes, examiner advice plus questions and answers on each key examinable topic. Please note that students can request a paperback version at checkout.

ACT240 explores the theory of interest and its applications in finance. Main topics to be covered include simple and compound interest, nominal interest and discount rates, and the force of interest. Students will also examine inflation, the risk of default, and various types of annuities (immediate, due, and those with different payment intervals). The course emphasizes annuity valuation at any point, as well as more complex annuities with arithmetic or geometric progressions. Additional sections cover loan amortization, bond valuation, callable bonds, and the calculation of yield rates on investments.

This course is intended for students pursuing an actuarial science major or specialist program and helps prepare them for the Society of Actuaries' FM exam and future coursework. To enroll, students must meet the prerequisite of achieving a minimum grade of 63% in MAT137 or 60% in MAT157. Those who have taken ACT230 are excluded from enrolling in ACT240. Through this course, students develop essential financial mathematics skills such as pricing annuities, managing loan amortization, and measuring the rate of return on investment funds.

COURSE CODE	COURSE NAME
ACT240	Mathematics of Investment & Credit
ECO101	Principles of Microeconomics
ECO102	Principles of Macroeconomics
ECO206	Microeconomic Theory
ECO220	Introduction to Data Analysis & Applied Econometrics
ECO227	Foundations of Econometrics
ECO372	Data Analysis & Applied Econometrics in Practice
ECO374	Forecasting and Time Series Econometrics
ECO375	Applied Econometrics I
EEB225	Biostatistics for Biological Sciences
MGM390	Business Law
PSY201	Statistics I
RSM219	Introduction to Financial Accounting
RSM220	Intermediate Financial Accounting I
RSM221	Intermediate Financial Accounting II
RSM222	Management Accounting I
RSM225	Legal Environment of Business I
RSM230	Financial Markets
RSM250	Principles of Marketing
RSM260	Organizational Behaviour
RSM332	Capital Market Theory
RSM333	Corporate Finance
RSM336	Investments
RSM433	Advanced Corporate Finance
RSM435	Futures and Options Markets
SOC202	Introduction to Quantitative Methods in Sociology
STA220	The Practice of Statistics I

University of Toronto - Mathematics of Investment & Credit (ACT240)

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