Soa Exam Fm: Financial Mathematics (Part 1 Of 2) [Actuarial]

Part 1 of 2 courses covering the content of SOA Exam FM/CAS Exam 2

What you'll learn

Prepare for Society of Actuaries (SOA) Exam FM (Financial Mathematics)

Understand and be able to perform calculations relating to present value, current value, and accumulated value.

Calculate present value, current value, and accumulated value for sequences of non-contingent payments.

Understand key concepts concerning loans and how to perform related calculations.

Requirements

Some basic knowledge of algebra and calculus will be helpful

Description

Suitable for students looking for an in-depth understanding of concepts tested in SOA Exam FM/ CAS Exam 2.All of the course objectives for SOA Exam FM are covered in depth in this course.Also suitable for actuarial students and practitioners who are looking to brush up their understanding of Financial Mathematics.Part 1 covers the following course objectives:Course Objective 1: Time Value of MoneyCourse Objective 2: AnnuitiesCourse Objective 3: LoansExam FM is a pre-requisite for Exam FAM-L and Exam ALTAM and other upper level SOA exams.Please be sure to refer to the SOA and CAS websites for the most current details regarding the exams. About the InstructorI am very passionate about actuarial science and education, and have been actively involved in the actuarial education scene for many years. I have been tutoring students for SOA (Society of Actuaries) exams for 5 years, and have volunteered as the Education Chairperson for the Actuarial Society of Malaysia from 2018 to 2020.I have also lectured in a number of universities, including Inti International University & Colleges, Universiti Malaya and UCSI University. I am also currently an Industry Advisor at the Asia Pacific University (APU).I actively volunteer to speak to students about actuarial science, and do mentor students.

Overview

Section 1: Course Objective 1 - Time Value of Money

Lecture 1 Interest Accumulation & Effective Rates of Interest

Lecture 2 Present Value, Equations of Value & Nominal Rates of Interest

Lecture 3 Effective & Nominal Rates of Discount

Lecture 4 Force of Interest & Real Interest Rate

Lecture 5 Tutorial - Time Value of Money

Section 2: Course Objective 2: Annuities/cash flows with non-contingent payments

Lecture 6 Level Annuities

Lecture 7 Level Annuities - Generalisations

Lecture 8 Annuities with Non-Constant Payments (1 of 2)

Lecture 9 Annuities with Non-Constant Payments (2 of 2)

Lecture 10 Tutorial - Annuities

Section 3: Loan Amortization

Lecture 11 Amortization, Prospective & Retrospective Outstanding Balance

Lecture 12 Loan Amortization Formulae - Level Payments

Lecture 13 Additional Properties of Amortization

Lecture 14 Tutorial - Loan Amortization

Students preparing for Society of Actuaries (SOA) Exam FM / Casualty Actuarial Society (CAS) Exam 2 Exam 2 Exam 2,Students interest in learning the principles of Time Value of Money, Annuities, Bonds, Loans and Matching.