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FM Exam Study Day 3

Posted 07-05-2013 at 07:39 PM by carolinacoast

Solving these problems is taking me forever and I know I am probably taking too much time on them, but I think it is necessary to get the basic concepts down first. Some of the things that I'm having trouble with the most is actually just simply solving quadratic equations that involve decimals and imaginary numbers (I know that is so seventh grade!) But, I need to brush up on my skills and just keep learning how to set up the problems and I should be straight.

Time Spent: 1 hr, 55...
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FM Exam Study Day 2

Posted 07-04-2013 at 01:44 PM by carolinacoast

Day 2 and now I have respect for every single actuary! Haha this stuff is no joke at all but I'm chugging along. I woke up this morning and immediately got out my materials and went to town so I can have an enjoyable 4th of July!

Time Spent: 1 hr, 20 minutes
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FM Exam Study Day 1

Posted 07-04-2013 at 12:14 AM by carolinacoast

Hey guys! Just checking in on my first day using the ASM manual for the Financial Mathematics Exam 2. I got through to page 22 and have made flashcards for the formulas that I think are most important from the section.

Accumulation Function
Effective Rate of Interest
Amount Function
Simple Interest
Compound Interest
Present Value

Total Time Spent: 1.5 hours (0.5% complete)
Material Covered: 22 pages (2.8% complete)
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