# From Rates to Annuities

Gordon Enderle

In preparation for SOA Exam FM / CAS Exam 2, the Financial Math for Actuaries: From Rates to Annuities course will give you opportunities to better understand the time value of money through these learning activities:

In preparation for SOA Exam FM / CAS Exam 2, the Financial Math for Actuaries: From Rates to Annuities course will give you opportunities to better understand the time value of money through these learning activities:

• Perform calculations relating to the present value, current value, and accumulated value of cash flows, using rates of interest, rates of discount and the force of interest.
• Calculate the present value, current value, and accumulated value for sequences of non-contingent payments (annuities).
• Reflect payment timing, longevity, and arithmetic/geometric payment changes in the annuity valuation process.

### What you'll learn

Those enrolled in Financial Math for Actuaries: From Rates to Annuities will learn:

• To calculate the present value or accumulated value of payments using rates of interest, rates of discount and the force of interest.
• To calculate the present value or accumulated value for sequences of non-contingent payments (annuities).
• To reflect payment timing, longevity, and arithmetic/geometric payment changes in the annuity valuation process.

## What's inside

### Learning objectives

• To calculate the present value or accumulated value of payments using rates of interest, rates of discount and the force of interest.
• To calculate the present value or accumulated value for sequences of non-contingent payments (annuities).
• To reflect payment timing, longevity, and arithmetic/geometric payment changes in the annuity valuation process.

## Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Introduces essential financial mathematics concepts that are relevant to students planning careers in actuarial science, finance, and related fields
Well-structured and logically sequenced, guiding students from basic concepts to more advanced topics
Helps students develop a strong foundation in the time value of money, which is crucial for accurate financial analysis and decision-making
Provides opportunities to practice and apply concepts through exercises and assignments
Suitable for individuals with a background in mathematics, including algebra, calculus, and statistics

## Save this course

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## Career center

Learners who complete Financial Math for Actuaries: From Rates to Annuities will develop knowledge and skills that may be useful to these careers:
Actuary
Actuaries spend their days evaluating the financial costs of risk and uncertainty. In a day-to-day role, you might price insurance policies, set premiums, or value financial assets. The Financial Math for Actuaries: From Rates to Annuities course provides a solid foundation for a career as an Actuary as it covers the time value of money which is essential for evaluating financial risks.
Investment Analyst
Investment Analysts spend their days evaluating the risk and return of different investment options. They might recommend stocks, bonds, or other investments to clients, or manage investment portfolios. The Financial Math for Actuaries: From Rates to Annuities course provides a solid foundation for a career as an Investment Analyst, as it covers topics such as time value of money and annuity valuation, which are essential for understanding investment principles.
Financial Analyst
Financial Analysts spend their days analyzing financial data in order to help businesses make optimal decisions. They might evaluate potential investments, make recommendations on how to raise capital, or develop strategies to manage risk. The Financial Math for Actuaries: From Rates to Annuities course provides a solid foundation for a career as a Financial Analyst, as it covers topics such as time value of money and annuity valuation, which are essential for understanding financial markets.
Quantitative Analyst
Quantitative Analysts use complex mathematical models to help make decisions in the financial industry. They might develop trading strategies, analyze market trends, or assess risk. The Financial Math for Actuaries: From Rates to Annuities course provides a solid foundation for a career as a Quantitative Analyst, as it covers topics such as time value of money and annuity valuation, which are essential for building quantitative models. The course also contributes to the study of the force of interest, which is used in modeling.
Insurance Underwriter
Insurance Underwriters spend their days evaluating the risk of insurance policies. They might assess the risk of a car accident, a natural disaster, or a medical condition. The Financial Math for Actuaries: From Rates to Annuities course provides a solid foundation for a career as an Insurance Underwriter, as it covers topics such as time value of money and annuity valuation, which are essential for understanding insurance policies and pricing risk.
Financial Modeler
Financial Modelers spend their days building and analyzing financial models. They might use these models to forecast financial performance, evaluate investment opportunities, or develop strategies to manage risk. The Financial Math for Actuaries: From Rates to Annuities course provides a solid foundation for a career as a Financial Modeler, as it covers topics such as time value of money and annuity valuation, which are essential for building financial models.
Risk Analyst
Risk Analysts spend their days identifying and assessing risks to businesses. They might develop risk management plans, conduct risk assessments, or provide advice to senior management on how to mitigate risk. The Financial Math for Actuaries: From Rates to Annuities course may be useful for a career as a Risk Analyst, as it provides a solid foundation in understanding risk and uncertainty. The course also covers time value of money which is essential for evaluating financial risks..
Accountant
Accountants spend their days preparing and analyzing financial statements. They might also provide advice on tax planning and financial management. The Financial Math for Actuaries: From Rates to Annuities course may be useful for a career as an Accountant, as it provides a solid foundation in financial accounting and analysis techniques. It also provides a good overview of time value of money
Auditor
Auditors spend their days examining financial records to ensure that they are accurate and complete. They might also provide advice on internal controls and risk management. The Financial Math for Actuaries: From Rates to Annuities course may be useful for a career as an Auditor, as it provides a solid foundation in financial accounting and analysis techniques.
Statistician
Statisticians spend their days collecting, analyzing, and interpreting data. They might develop statistical models, conduct surveys, or provide advice on how to design experiments. The Financial Math for Actuaries: From Rates to Annuities course may be useful for a career as a Statistician, as it provides a solid foundation in statistical concepts and data analysis techniques.
Data Analyst
Data Analysts spend their days collecting, cleaning, and analyzing data in order to help businesses make better decisions. They might identify trends, develop predictive models, or create visualizations. The Financial Math for Actuaries: From Rates to Annuities course may be useful for a career as a Data Analyst. While the course does not teach data analysis techniques, it does cover topics such as time value of money and statistical concepts that can be useful for understanding data and building models.
Investment Banker
Investment Bankers spend their days advising companies on mergers and acquisitions, raising capital, and other financial transactions. They might also trade stocks, bonds, and other investments for clients. The Financial Math for Actuaries: From Rates to Annuities course may be useful for a career as an Investment Banker, as it provides a solid foundation in understanding financial markets and valuation principles.
Economist
Economists spend their days studying the economy and making predictions about its future performance. They might analyze economic data, develop economic models, or provide advice to policymakers. The Financial Math for Actuaries: From Rates to Annuities course may be useful for a career as an Economist, as it provides a solid foundation in economic concepts and financial analysis techniques.
Teacher
Teachers spend their days educating students in a variety of subjects. They might teach math, science, history, or English. The Financial Math for Actuaries: From Rates to Annuities course may be useful for a career as a Teacher, as it provides a solid foundation in the mathematics of finance. This could be useful to use as a teaching tool to help students understand these important math concepts used in finance and investing.
Management Consultant
Management Consultants spend their days advising businesses on how to improve their operations, strategy, and financial performance. They might develop business plans, conduct market research, or implement new technologies. The Financial Math for Actuaries: From Rates to Annuities course may be useful for a career as a Management Consultant, as it provides a solid foundation in understanding financial analysis and risk management.

We've selected six books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Financial Math for Actuaries: From Rates to Annuities.
This text is commonly used by those preparing for the SOA Exam FM / CAS Exam 2 due to its comprehensiveness and its coverage of topics commonly found on this exam.
Besides being a helpful text for students at the undergraduate level, those enrolled in Financial Math for Actuaries: From Rates to Annuities may also find it beneficial for a refresher.
This supplemental text is helpful as both a supplement and replacement text for Financial Math for Actuaries: From Rates to Annuities and is useful for foundational learners.
For a deeper understanding of topics covered in this course, this text may serve as an additional resource. It provides additional foundational knowledge that may prove helpful in understanding the course content.
This supplementary text contains solutions to the end of chapter exercises found in Mathematics for Actuaries.
This supplemental text good source of background information for those taking Financial Math for Actuaries: From Rates to Annuities.

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