Financial Mathematics Math 490 A Math 490 A

Math 490 A – Instructor • WTHR 320 • Jeff Beckley – http: //www.

Math 490 A – Textbooks • Mathematical Interest Theory • Derivative Markets, Second Edition

Math 490 A – Calculators • Only Society of Actuaries Exam calculators may be

Math 490 A – Procedures • First fifteen minutes of each class with be

Math 490 A – Procedures • Quizzes and Tests are closed book • Only

Math 490 A – Procedures • Note Test on Thursday before Spring Break •

Math 490 A – Dual Purpose • Learn Interest Theory • Exam Prep Course

Exam FM/Exam 2 • Goal: 250 hours of Preparation – Keep a log –

250 Hours • Week ending 1 -13 • Next eight weeks 4 hours 10.

250 Hours (Cont. ) • • • Week ending 4 -28 7 hours Week

250 Hours • Attend Class and Do HW • Actex Manual • Problems Provided

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Financial Mathematics Math 490 A

Math 490 A – Instructor • WTHR 320 • Jeff Beckley – http: //www. math. purdue. edu/~jbeckley/ – – – Math 818 49 -40493 317 -698 -8543 jeffbeckley@indy. rr. com Office Hours • Tuesday and Thursday – Noon to 1: 30 • By Appointment

Math 490 A – Textbooks • Mathematical Interest Theory • Derivative Markets, Second Edition • Actex Study Manual – Need to order from Mad River Books

Math 490 A – 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 So. A Website

Math 490 A – 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%

Math 490 A – 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

Math 490 A – 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

Math 490 A – Dual Purpose • Learn Interest Theory • Exam Prep Course – So. A Exam FM – CAS Exam 2 • Course Outline • Students Not Taking Exam in Spring

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

250 Hours • Week ending 1 -13 • Next eight weeks 4 hours 10. 5 hours – Weeks ending 1 -20 to 3 -10 • Week ending 3 -18 • Next five weeks – Weeks ending 3 -24 to 4 -21 0 hours 14 hours

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 25 th PASSING SCORE • Total hours 250!!!!

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