ActuarialBrew

This text provides a comprehensive explanation of the required interest theory material on the Financial Mathematics (FM) Exam offered by the Society of Actuaries and the Casualty Actuarial Society. The concise explanations in this textbook fully prepare students for the questions that appear on the FM Exam. Key Concepts are identified throughout the text for easy reference while working practice problems.

This book contains over 300 end-of-chapter questions that are written in the style of the multiple choice questions on the FM Exam. Each question has a difficulty rating that can be found at the end of the textbook along with the answer to the question. Fully worked solutions are available as a free download below. The solutions contain step-by-step instructions that demonstrate the quickest and most effective use of the BA-II Plus calculator.

When the textbook is purchased through Actex or the Actuarial Bookstore, access is provided to the full set of instructional videos supporting each chapter. The videos supporting Chapter 1 and Chapter 2 are available to preview.

The third edition is a suggested textbook of the Exam FM Learning Objectives by the Society of Actuaries. The second edition is also a suggested textbook. Both editions can be used to prepare for the FM exam.