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Financial Mathematics

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Presentation on theme: "Financial Mathematics"— Presentation transcript:

1 Financial Mathematics

2 Math 370 – Instructor LILY G126 Jeff Beckley
703 Math Office Hours Tuesday and Thursday 1:30 to 3:00 By Appointment

3 Math 370 – Textbooks Theory of Interest, Second Edition
Actex Study Manual Actex Solutions Manual (Optional) Need to order from Mad River Books

4 Math 370 – Calculators Only Society of Actuaries Exam calculators may be used on tests and quizzes. See link in Syllabus Recommend Texas Instruments BAII Plus See PDF files on SoA Website

5 Math 370 – Procedures First fifteen minutes of each class with be spend on homework Evaluation Quizzes (20%) 8 unannounced quizzes Homework (10%) Three tests (70%) Two tests worth 20% each Two hour final worth 30%

6 Math 370 – Procedures Quizzes and Tests are closed book
Only permitted calculators are allowed Quizzes cannot be made up Tests can only be made up under extreme circumstances Homework is essential Will not accept late 2 lowest grades will be dropped

7 Math 370 – Procedures Tests will be multiple choice
Quizzes and Homework Must show all your work to get full credit. Answer without work will get less than 50% credit

8 Math 370 – 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 1-15 3 hours Next eight weeks 10.5 hours
Weeks ending 1-22 to 3-12 Week ending hours Next five weeks hours Weeks ending 3-26 to 4-23

11 250 Hours (Cont.) Week ending 4-30 7 hours Week ending 5-7 10 hours
Weeks ending 5-14 and hours May hours May 26th PASSING SCORE Total hours !!!!


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