A comprehensive text covering the non derivative-related syllabus learning objectives. Contains over 320 worked examples and new exam-style questions written by BPP. Online solutions are available free from the BPP website.
The second edition of this text includes some new material, such as variable perpetuity factors and continuously decreasing annuity factors in Chapter 3. We've also added 40 review questions at the end of the book, which are modeled after the SOA FM/CAS 2 Exam. Throughout the text, other revisions have also been made to help explain the concepts even more clearly
Author/Instructor: Chris Ruckman, FSA Chris Ruckman has over 8 years of experience in the actuarial education field related to financial mathematics. He also has almost 15 years of experience working in the insurance industry. Chris Ruckman and Joe Francis are the co-authors of Financial Mathematics - A Practical Guide for Actuaries and Other Business Professionals, which is an approved text of the Society of Actuaries for Exam FM and of the Casualty Actuarial Society for Exam 2.Author/Instructor: Joe Francis, FSA, CFA Francis is a co-author of ActuarialBrew.com's Exam MFE/3F Review Notes. He has also co-authored Financial Mathematics - A Practical Guide for Actuaries and Other Business Professionals, which is an approved text of the Society of Actuaries for Exam FM. He has over 8 years of experience in the actuarial education field and almost 15 years of experience working in the insurance industry.
Table Of Contents:
Chapter 1: Interest rates and factors
Chapter 2: Level annuities
Chapter 3: Varying annuities
Chapter 4: Non-annual interest rates and annuities
Chapter 5: Project appraisal and loans
Chapter 6: Financial instruments
Chapter 7: Duration, convexity and immunization
Chapter 8: The term structure of interest rates
Chapter 9: Stochastic interest rates