Actuary Exam FM/2 Preparation

MATH4010, Spring semester, 2017

Instructor: Yizao Wang
Email: yizao.wang@uc.edu
Office: 4302 French Hall
Office Hours: W 2:40-4pm, other time by appointment.
Class meeting: Fri 10:10-11:05am, 4206 French Hall, Seminar Room.

Course description

Preparation for Actuary Exam FM/2. This is a one-credit course with passing/fail grade. We will work through all the sample questions from the SOA website. However, to make sure to be able to pass the exam, students need to put in around 150-200 hours of study/practice for preparation.

Grades

Pass/Fail grade.

Lecture Format/Contents

We follow the Syllabus for 2017 Summer: see latest announcement from SOA on changes in the syllabus.

In class we will work together through SOA/CAS Exam FM/2 Sample Questions (Solutions). It would be helpful to have a review before lectures, according to the following schedule.

Sample Questions by Learning Objectives

• Time value of money: 1, 3, 12, 13, 20, 21, 23, 27, 61, 79
• Equations of value and yield rates: 5, 19, 32, 45, 77, 78, 82.
• Annuities: 2, 7, 9, 15, 17, 21, 25, 26, 46, 83, 87, 89.
• Perpetuities: 6, 11, 14, 18, 29, 85, 86.
• Loans: 4, 16, 24, 28, 60, 63, 64 75, 80, 81, 88.
• Bonds: 10, 22, 33, 34, 47, 54, 55, 56, 57, 62, 74, 76, 90, 91.
• Interest rate sensitivity: 65, 66, 68, 69, 71, 72, 73.

Schedule

• Week 1 (Jan 13): no meeting.
• Week 2 (Jan 20): (The growth of money) Problems 1, 3, 12, 13, 23.
• Week 3 (Jan 27): (The growth of money) 20, 27.
• Week 4 (Feb 3): (Equations of value, annuities certain) 5, 9, 11, 15, 17, 19.
• Week 5 (Feb 10):
• Week 6 (Feb 17): (Perpetuities) 6, 11, 14, 18, 29.
• Week 7 (Feb 24):
• Week 8 (Mar 3): (Loans) 4, 16, 24, 28.
• Week 9 (Mar 10): (Loans) 60, 63, 64.
• Week 10 (Mar 17): Spring Break
• Week 11 (Mar 24): (Bonds) 10, 22, 47, 62.
• Week 12 (Mar 31): (Bonds) 54, 74, 76, 90, 91.
• Week 13 (Apr 7): (Bonds) 33, 34, 55, 56, 57.
• Week 14 (Apr 14): (Rate sensitivity) 65, 66, 68, 69.
• Week 15 (Apr 21): (Rate sensitivity) 71, 72, 73.

Other preparation materials for SOA/CAS Exam P/1

• A/S/M Manual for Exam FM/Exam 2
  A very popular and helpful preparation manual. The department has several copies for students to borrow. Contact Anita Swillinger for details.
• SOA Online Examp FM/2 Sample.
• Check out the SOA website for related information: announcements, syllabus, study materials, registration, etc.
• Practice on CoachingActuaries before taking the real exam.
• Some general tips for UC students.

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