Financial Mathematics
Math 490A
Math 490A – Instructor
• WTHR 320
• Jeff Beckley
– http://www.math.purdue.edu/~jbeckley/
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Math 818
49-40493
317-698-8543
jeffbeckley@indy.rr.com
Office Hours
• Tuesday and Thursday
– Noon to 1:30
• By Appointment
Math 490A – Textbooks
• Mathematical Interest Theory
• Derivative Markets, Second Edition
• Actex Study Manual
– Need to order from Mad River Books
Math 490A – 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 SoA Website
Math 490A – 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 490A – 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 490A – 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 490A – Dual Purpose
• Learn Interest Theory
• Exam Prep Course
– SoA 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.)
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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 25th
PASSING SCORE
• Total hours
250!!!!
250 Hours
• Attend Class and Do HW
• Actex Manual
• Problems Provided by Me
125 hours
75 hours
50 hours