1. Financial Mathematics Math 490A

2. Math 490A – Instructor WTHR 320 Jeff Beckley –http://www.math.purdue.edu/~jbeckley/ –Math 818 –49-40493 –317-698-8543 –jeffbeckley@indy.rr.comjeffbeckley@indy.rr.com –Office Hours Tuesday and Thursday –Noon to 1:30 By Appointment

3. Math 490A – Textbooks Mathematical Interest Theory Derivative Markets, Second Edition Actex Study Manual –Need to order from Mad River Books

4. Math 490A – Calculators Only Society of Actuaries Exam calculators may be used on tests and quizzes. See Syllabus Recommend Texas Instruments BAII Plus See PDF files on SoA Website

5. Math 490A – Procedures First fifteen minutes of each class with be spent on homework Evaluation –Quizzes (20%) 8 unannounced quizzes –Homework (10%) –Three tests (70%) Two tests worth 20% each Final worth 30%

6. Math 490A – Procedures Quizzes and Tests are closed book Only permitted calculators are allowed Quizzes cannot be made up –Lowest Quiz dropped Tests can only be made up under extreme circumstances Homework is essential –Will not accept late –2 lowest grades will be dropped

7. Math 490A – Procedures Note Test on Thursday before Spring Break Quizzes and Homework –Must show all your work to get full credit. –Answer without work will get less than 50% credit

8. Math 490A – Dual Purpose Learn Interest Theory Exam Prep Course –SoA Exam FM –CAS Exam 2 Course Outline Students Not Taking Exam in Spring

9. Exam FM/Exam 2 Goal: 250 hours of Preparation –Keep a log –Turn it in to me weekly –If you lie to me, you are only fooling yourself Work as many problems as you can Plan for 250 hours

10. 250 Hours Week ending 1-13 4 hours Next eight weeks 10.5 hours –Weeks ending 1-20 to 3-10 Week ending 3-18 0 hours Next five weeks 14 hours –Weeks ending 3-24 to 4-21

11. 250 Hours (Cont.) Week ending 4-28 7 hours Week ending 5-5 10 hours Weeks ending 5-12 and 5-19 28 hours May 20-24 20 hours May 25 th PASSING SCORE Total hours 250!!!!

12. 250 Hours Attend Class and Do HW 125 hours Actex Manual 75 hours Problems Provided by Me 50 hours