A Basic Course in the Theory of Interest and Derivatives Markets: A Preparation for the Actuarial Exam FM/2

This book is designed for an introductory course in the theory of interest and annuity. Each section contains the embedded examples with answer keys. It is suitable for a junior level course in the mathematics of finance.

It presents in a very compact way the fundamental aspects of financial mathematics. It provides the key concepts and tools a student needs to master the Exam FM of the Society of Actuaries (SOA) and the Exam 2 of the Casualty Actuarial Society (CAS).