WisconsinX: Financial Math for Actuaries: From Loans to Bonds to Immunization

Start your actuarial career! Study the time value of money by learning about loans, bond valuation, duration, convexity, spot rates, forward rates and the term structure of interest rates. This actuarial science course covers foundational concepts tested on SOA Exam FM or CAS Exam 2. This course is part 2 of a 2-course program intended to help students prepare for the SOA Exam FM and CAS Exam 2.

About this course

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

Performing calculations related to loan payments, loan balances, loan amortization tables and loan refinancing
Calculating the price of bonds with various features, developing bond amortization tables and effective yield rates
Calculating the net present value of cash flows, and developing internal rates of return
Studying the term structure of interest rates, and calculating the duration/convexity of assets whose value is sensitive to interest rates

At a glance

Institution:WisconsinX
Subject:Economics & Finance
Level:Intermediate
Prerequisites:
Learners should have a good understanding of the material covered in the related WisconsinX course Financial Math for Actuaries: From Rates to Annuities, which includes:
- Calculating the present value or accumulated value of payments using rates of interest, rates of discount and the force of interest.
- Calculating the present value or accumulated value for sequences of non-contingent payments (annuities).
- Knowing how to reflect payment timing, longevity, and arithmetic/geometric payment changes in the annuity valuation process.

Language:English
Video Transcript:English
Associated skills:Actuarial Exams, Actuarial Science, Amortization, Cash Flows, Forward Rate, Loans, Mathematical Finance, Net Present Value, Refinancing, Time Value Of Money

What you'll learn

Those enrolled in Financial Math for Actuaries: From Loans to Bonds to Immunization will learn how to:

Calculate loan payments based on the loan term and interest rate
Calculate the outstanding balance of a loan by the prospective or the retrospective method
Create an amortization table that breaks down loan payments into principal and interest, and showing the outstanding loan balance
Calculate new loan payments for a refinanced loan
Calculate the price of a bond including any call features
Develop an amortization table for a bond
Define and calculate the NPV and IRR of a project
To define and calculate the duration and convexity of an asset
To define spot / forward rates and determine the present and accumulated values of cash flows using spot / forward rates

Ways to take this course

Choose your path when you enroll.

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Starts Jan 14

Certificate

Free

Price

$219 USD

Access to course materials

Unlimited

Limited

Expires on Mar 18

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WisconsinX: Financial Math for Actuaries: From Loans to Bonds to Immunization

About this course

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WisconsinX: Financial Math for Actuaries: From Loans to Bonds to Immunization

About this course

At a glance

About this course

What you'll learn

What you'll learn

About the instructors

Instructors

Ways to take this course

Ways to take this course

Ways to take this course

Share this course

Share this course

Interested in this course for your business or team?

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