Introduction to Financial Maths

Author

Sang Huynh

Welcome

This note is designed as a supplementary for anyone who is going to take the Financial Maths exam (Exam FM/2) from the Society of Actuaries. It provides an introduction to elementary financial mathematics, including the concept of interest, annuities, loans, bonds, and simple immunization.

References

Broverman, Samuel A. 2024. Mathematics of Investment and Credit. 8th ed. ACTEX Learning.

Chan, Wai-Sum, and Yiu-Kuen Tse. 2022. Financial Mathematics for Actuaries. 3rd ed. World Scientific Publishing.

Texas Instruments. 2025. BA II Plus Professional Calculator Guidebook. Texas Instruments. https://education.ti.com/en/guidebook/details/en/6D4382031E7640378E9B05B81AECBCF7/baiipluspro.