Financial%20Mathematics

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Financial Mathematics

• Math 490A

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Math 490A Instructor

• WTHR 320
• Jeff Beckley
• http//www.math.purdue.edu/jbeckley/
• Math 818
• 49-40493
• 317-698-8543
• jeffbeckley_at_indy.rr.com
• Office Hours
• Tuesday and Thursday
• Noon to 130
• By Appointment

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Math 490A Textbooks

• Mathematical Interest Theory
• Derivative Markets, Second Edition
• Actex Study Manual
• Need to order from Mad River Books

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Math 490A 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

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Math 490A Procedures

• First fifteen minutes of each class with be spent
  on homework
• Evaluation
• Quizzes (20)
• 8 unannounced quizzes
• Homework (10)
• Three tests (70)
• Two tests worth 20 each
• Final worth 30

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Math 490A 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

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Math 490A 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

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Math 490A Dual Purpose

• Learn Interest Theory
• Exam Prep Course
• SoA Exam FM
• CAS Exam 2
• Course Outline
• Students Not Taking Exam in Spring

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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

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250 Hours

• Week ending 1-13 4 hours
• Next eight weeks 10.5 hours
• Weeks ending 1-20 to 3-10
• Week ending 3-18 0 hours
• Next five weeks 14 hours
• Weeks ending 3-24 to 4-21

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250 Hours (Cont.)

• Week ending 4-28 7 hours
• Week ending 5-5 10 hours
• Weeks ending 5-12 and 5-19 28 hours
• May 20-24 20
  hours
• May 25th PASSING SCORE
• Total hours
  250!!!!

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250 Hours

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