Introduction to Actuarial Mathematics (Financial Mathematics for Actuaries)

Syllabus for Spring 2020

All Notes and Problems are © Copyright 2010 by Steve Paris.
All rights reserved. Reproduction in whole or in part without the express written permission from the author is strictly prohibited.

Interest Theory Manual Notes, Problems, and Answers to Problems

Module 1 - Section 1 Accumulation Functions

Module 1 - Section 2 Simple and Compound Interest

Module 1 - Section 3 Simple and Compound Discount

Module 1 - Section 4 General Force of Interest

Module 1 - Section 5 Summary

Module 1 Material Combined (with solutions)

Module 2 - Section 1 Annuities - Definition, Terminology, and Notation

PowerPoint Lesson Part 1

PowerPoint Lesson Part 2

PowerPoint Examples Part 1

PowerPoint Examples Part 2

PowerPoint Examples Part 3

Module 2 - Section 2 Basic Annuity Formulas

PowerPoint Lesson

Module 2 - Section 3 Basic Upper m Notation

PowerPoint Lesson

Module 2 - Section 4 Basic Level Continuous Annuities

PowerPoint Lesson

Module 2 - Section 5 Geometric Annuities

PowerPoint Lesson

PowerPoint for Standard Geometric Annuity Example

PowerPoint for Unknown Interest Rates Example 1

PowerPoint for Unknown Interest Rates Example 2

PowerPoint for Geometric Perpetuity Example

Module 2 - Section 6 Arithmetic Annuities

PowerPoint Lesson Part 1

PowerPoint Lesson Part 2

PowerPoint Lesson Part 3

PowerPoint for Standard Arithmetically Increasing Annuity Example

PowerPoint for Non-Standard Arithmetically Decreasing Annuity Example

PowerPoint for General Arithmetically Increasing Perpetuity Example

Module 2 - Section 7 Rainbow Annuities

PowerPoint Lesson

PowerPoint for Tricky Rainbow Annuity Example

Module 2 Material Combined (with solutions)

Module 3 PowerPoints

Loan Terminology and Notation

Basic Loan Facts

Outstanding Balance (with Drop Payment)

Outstanding Balance (More Examples)

Percent of Interest Due Payments (with Balloon Payment)

Level Payment Amortization Table

Bond Terminology and Notation

Basic Bond Facts

Bond Amortization Table

Bond Bought at Discount Example

Bond Bought at Par Example

Callable Bonds

Callable Bond Examples

Module 3 - Section 1 Loan Repayment - Amortization Method

Module 3 - Section 2: Loan Repayment - Sinking Fund Method (DELETED from Syllabus)

Module 3 - Section 3 Loan Repayment - Adhoc Methods

Module 3 - Section 4 Bond Introduction

Module 3 - Section 5 Bond Amortization Schedule

Module 3 - Section 6 Callable Bonds

Module 3 Material Combined (with solutions)

Module 4 - Section 1 Inflation

Module 4 - Section 2 Dollar and Time Weighted Rates

Module 4 - Section 3 Portfolio Year and Investment Year Methods

Module 4 - Section 4 Term Structure of Interest Rates, et al.

Module 4 - Section 5 Duration

Module 4 - Section 6 Asset-Liability Management (Immunization and Dedication)

Addendum to Module 4 - Section 6 (Macaulay and Modified) Duration and Convexity

Module 4 Material Combined (with solutions)

Old Test 1's and SOA Problems from Module 1 (pdf files)
Test 1 from Fall 2011 (Solutions)

Test 1 from Fall 2012 (Solutions)

Test 1 from Summer 2013 (Solutions)

Test 1 from Fall 2013 (Solutions)

Test 1 from Spring 2014 (Solutions)

Test 1 from Summer 2014 (Solutions)

Test 1 from Fall 2014 (Solutions)

Test 1 from Summer 2015 (Solutions)

Test 1 from Summer 2016 (Solutions)

Test 1 from Summer 2017 (Solutions)

Module 1 SOA Problems and (My Solutions)

Old Test 2's and SOA Problems from Module 2 (pdf files)
Test 2 from Fall 2011 (Solutions)

Test 2 from Fall 2012 (Solutions)

Test 2 from Summer 2013 (Solutions)

Test 2 from Fall 2013 (Solutions)

Test 2 from Spring 2014 (Solutions)

Test 2 from Summer 2014 (Solutions)

Test 2 from Fall 2014 (Solutions)

Test 2 from Summer 2015 (Solutions)

Test 2 from Summer 2016 (Solutions)

Test 2 from Summer 2017 (Solutions)

Module 2 SOA Problems and (My Solutions)

Old Test 3's and SOA Problems from Module 3 (pdf files)
Test 3 from Fall 2011 (Solutions)

Test 3 from Fall 2012 (Solutions)

Test 3 from Summer 2013 (Solutions)

Test 3 from Fall 2013 (Solutions)

Test 3 from Spring 2014 (Solutions)

Test 3 from Summer 2014 (Solutions)

Test 3 from Fall 2014 (Solutions)

Test 3 from Summer 2015 (Solutions)

Test 3 from Summer 2016 (Solutions)

Test 3 from Summer 2017 (Solutions)

Module 3 SOA Problems and (My Solutions)

Old Test 4's and SOA Problems from Module 4 (pdf files)
Test 4 from Fall 2011 (Solutions)

Test 4 from Fall 2012 (Solutions)

Test 4 from Summer 2013 (Solutions)

Test 4 from Fall 2013 (Solutions)

Test 4 from Spring 2014 (Solutions)

Test 4 from Summer 2014 (Solutions)

Test 4 from Fall 2014 (Solutions)

Test 4 from Summer 2015 (Solutions)

Test 4 from Summer 2016 (Solutions)

Test 4 from Summer 2017 (Solutions)

Module 4 SOA Problems and (My Solutions)

Notes on the Recent Additional Material Added to Exam FM

Duration and Changing Interest Rates and (Solutions to SOA Sample Questions on This)

Interest Rate Swaps and (Solutions to SOA Sample Questions on This)

T-Bills and Key Interest Rates and (Solutions to SOA Sample Questions on This)

Some Of My Other FSU Websites

My FSU webpage has all of my contact information.

Daily Notes for Spring 2020 Semester

January 9

January 14

January 15

January 22

January 23