Exam FM: Financial Mathematics Flashcards
752 fact-checked cards across 22 decks: learn the concepts, drill the formula sheets, and work 300 exam-style practice problems. Formulas are set in real LaTeX math.
Exam FM: Financial Mathematics
22 decks · time value of money and interest measurement, force of interest and equations of value, level and varying annuities, loan amortization and sinking funds, bond pricing, cash-flow analysis (NPV, IRR, yield), duration, convexity and immunization, interest-rate swaps, and the determinants of interest rates.
Concepts, formulas & worked examples across every syllabus topic.
Annuities: Level
annuity-immediate and annuity-due (present and accumulated values), perpetuities, deferred…
Annuities: Varying & Continuous
Non-level and continuous annuities for SOA Exam FM: arithmetic increasing and decreasing a…
Bonds
Bond valuation for SOA Exam FM: the basic and premium/discount pricing formulas, par vs fa…
Cash-Flow Analysis
Cash-flow analysis for SOA Exam FM: net present value and internal rate of return, the uni…
Determinants of Interest Rates
The economic and structural drivers of interest rates for SOA Exam FM: the rate-component …
Duration, Convexity & Immunization
The interest-rate-risk toolkit from Topic 5 of SOA Exam FM: Macaulay, modified, and dollar…
Force of Interest & Equations of Value
the constant force delta and its links to i and d, accumulation and present value under a …
Interest Measurement & TVM
The Time Value of Money toolkit for SOA Exam FM: accumulation and present value, effective…
Interest-Rate Swaps
swap mechanics and the two legs, deriving the swap rate from spot rates and discount facto…
Loans: Amortization & Sinking Funds
The SOA Exam FM Loans topic in depth: the amortization method (prospective and retrospecti…
Condensed formula sheets and the classic mistakes to avoid.
Exam-style multiple-choice problems with worked solutions: a free sample of each here, the full bank in the app.
Annuities (Level)
Thirty original SOA/CAS-style multiple-choice practice problems on level annuities — immed…
Annuities (Varying & Continuous)
Thirty exam-realistic multiple-choice problems on varying and continuous annuities for SOA…
Bonds
Thirty exam-realistic multiple-choice problems on SOA Exam FM bonds — basic and premium/di…
Cash-Flow Analysis (NPV / IRR / Yield)
Thirty original SOA-style multiple-choice problems on cash-flow analysis: NPV and IRR, uni…
Determinants of Interest Rates
Thirty original exam-style multiple-choice problems on the determinants of interest rates …
Duration, Convexity & Immunization
Thirty original SOA/CAS Exam FM-style multiple-choice problems covering Macaulay, modified…
Force of Interest & Equations of Value
Thirty exam-realistic multiple-choice problems on the force of interest and equations of v…
Interest Measurement & TVM
Thirty original SOA-style multiple-choice problems on interest measurement and time value …
Interest-Rate Swaps
Thirty original SOA/CAS Exam FM-style multiple-choice problems on interest-rate swaps, spa…
Loans (Amortization & Sinking Funds)
Thirty original SOA/CAS Exam FM-style multiple-choice problems on loan repayment — amortiz…
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