Financial Mathematics: A Study Guide for Exam FM

Financial Mathematics: A Study Guide for Exam FM is more than just a study guide. It is a textbook covering all of the essentials you will need to pass the Society of Actuaries' Exam FM. It covers:

• the theory of interest
• annuities and other structured cash flows
• loans and bonds
• financial derivatives, including futures, swaps, and options
• asset-liability management

Financial Mathematics includes 150 problems and solutions, helpful hints and exam tips, and a challenging, realistic practice exam, so that you can be confident that you have mastered the syllabus. Financial Mathematics will be the foundation of your exam success.