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Exam FM Course

The Actuarial Nexus offers a comprehensive written course. The course is integrated with the practice questions portion of the platform. Direct links to the relevant practice questions are provided at the end of each chapter, and vice versa.

Introduction and Review​

  1. Introduction
  2. Exam Information
  3. Study Tips
  4. Calculator
  5. Algebra Review
  6. Calculus Review

Time Value of Money (TVM)​

  1. Introduction to TVM
  2. Accumulation Function
  3. Interest Rates
  4. Simple Interest
  5. Compound Interest
  6. Nominal Interest Rate
  7. Force of Interest
  8. Equation of Value

Annuities​

  1. Introduction to Annuities
  2. Annuity-Immediate
  3. Annuity-Due
  4. Perpetuity
  5. Equivalent Interest Rate
  6. Continuous Annuity
  7. Non-Level Annuity
  8. Miscellaneous Annuity Formulas

Loans​

  1. Introduction to Loans
  2. Amortization Method
  3. Loan Formulas

Bonds​

  1. Introduction to Bonds
  2. The Basic Formula
  3. Premium and Discount
  4. Book Value
  5. Callable Bonds

General Cash Flows (GCF), Portfolios and Asset Liability Management (ALM)​

  1. Net Present Value
  2. Internal Rate of Return
  3. Term Structure of Interest Rates
  4. Duration
  5. Convexity
  6. Immunization