Financial Mathematics

Math 373 – Instructor EE 170 (Tu & Th) and BRNG 2280 Jeff Beckley http://www.math.purdue.edu/~jbeckley/ Math 818 49-40493 317-698-8543 jeffbeckley@indy.rr.com Office Hours Tuesday and Thursday Noon to 1:30 By Appointment

Math 373 – Textbooks Mathematical Interest Theory Derivative Markets, Second Edition Actex Study Manual Need to order from Mad River Books

Math 373 – 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

Math 373 – Procedures Evaluation Quizzes (20%) Homework (10%) 8 unannounced quizzes Homework (10%) Three tests (70%) Two tests worth 20% each Final worth 30%

Math 373 – 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

Math 373 – 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

Math 373 – Dual Purpose Learn Interest Theory Exam Prep Course SoA Exam FM CAS Exam 2 Course Outline Students Not Taking Exam in Spring

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

250 Hours Week ending 1-12 4 hours Next eight weeks 10.5 hours Weeks ending 1-19 to 3-08 Week ending 3-15 0 hours Next five weeks 14 hours Weeks ending 3-22 to 4-19

250 Hours (Cont.) Week ending 4-26 7 hours Week ending 5-3 10 hours Weeks ending 5-10 and 5-17 28 hours May 18-22 20 hours May 23rd PASSING SCORE Total hours 250!!!!

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