EdX

Actuarial Science: Financial Math for Actuaries, Part 1 (edX)

Offered by University of Wisconsin–Madison, WisconsinX,
Actuarial Science: Financial Math for Actuaries, Part 1 (edX)

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 course covers foundational concepts tested on SOA Exam FM or CAS Exam 2. This course is part one of a two course program intended to help students prepare for the SOA Exam FM and CAS Exam 2.

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In preparation for SOA Exam FM / CAS Exam 2, the Financial Math for Actuaries, Part 1 course will give you opportunities to better understand the time value of money through these learning activities:

  • Perform calculations relating to the present value, current value, and accumulated value of cash flows, using rates of interest, rates of discount and the force of interest.
  • Calculate the present value, current value, and accumulated value for sequences of non-contingent payments (annuities).
  • Reflect payment timing, longevity, and arithmetic/geometric payment changes in the annuity valuation process.

What you'll learn
Those enrolled in Financial Math for Actuaries, Part 1 will learn:

  • To calculate the present value or accumulated value of payments using rates of interest, rates of discount and the force of interest.
  • To calculate the present value or accumulated value for sequences of non-contingent payments (annuities).
  • To reflect payment timing, longevity, and arithmetic/geometric payment changes in the annuity valuation process.
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