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12-15-2002, 01:57 PM
Does anyone know which chapters of Parmenter's Interest Theory book are on the exam? I asked this back in June, but noone really knew the answer (and I didn't have time to study for it in Nov.). Any response will be appreciated.
12-15-2002, 02:26 PM
You will be better off using Kellison and a Study manual.
Chapters 1-5 cover the interest theory syllabus of Course 2.
12-15-2002, 11:25 PM
I for one thought Parmenter was much better than Kellison. It is a matter of taste. Parmenter focuses on what you need to know to do the problems without going thru hundreds of formulas.
If you like having hundreds of formulas to remember by all means use Kellison. Once in a while knowing a Kellison formula will save some time. My experience was that Parmenter went thru the material in a way that the fancy Kellison formulas seemed obvious.
The topic of depreciation is one topic that is not well covered in Parmenter, but it is a very small part of the exam.
Your milage may vary.
01-03-2003, 01:07 PM
Parmenter was one of the best written books I've seen. The second half of Parmenter's book covers almost everything in Actuarial Mathematics you will need for course 3 also.
It's about twelve times easier to read than A-math too!
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