In preparation for SOA Exam FM / CAS Exam 2, the Financial Math for Actuaries: From Loans to Bonds to Immunization course will give you opportunities to better understand the time value of money through these learning activities:
- Performing calculations related to loan payments, loan balances, loan amortization tables and loan refinancing
- Calculating the price of bonds with various features, developing bond amortization tables and effective yield rates
- Calculating the net present value of cash flows, and developing internal rates of return
- Studying the term structure of interest rates, and calculating the duration/convexity of assets whose value is sensitive to interest rates
