Start your actuarial career! Study the time-value of money through learning about interest rates, the present and accumulated values of future payments, and the annuity valuation process. This actuarial science course covers foundational concepts tested on SOA Exam FM or CAS Exam 2. This course is part 1 of a 2-course program intended to help students prepare for the SOA Exam FM and CAS Exam 2.
What you'll learn
understand the time-value of money
calculate present and accumulated values of future payments
perform annuity valuations
Course objectives
prepare students for the SOA Exam FM
equip students with foundational financial math concepts relevant to actuarial science