basic immunization calculations
Note that probability-based calculations for applications of financial mathematics are in Exam M.
Suggested Texts
The Candidate may use either of the options shown below. Knowledge and understanding of financial mathematics concepts are significantly enhanced through working out problems based on those concepts. Thus in preparing for the Financial Mathematics examination, whichever of the source of textbooks students choose to use, students are encouraged to work out the textbook exercises related to the listed readings.
OPTION A
Theory of Interest (Second Edition), 1991, by Kellison, S.G., Chapters 1-2, Chapter 3 (exclude 3.6 and 3.10), Chapter 4, Section 4.1 and the rest of page 95 , Examples 4.1 and 4.2, Sections 4.4–4.8, Chapter 5, Sections 5.1–5.7, Chapter 6, Sections 6.1–6.4 and 6.6, Chapter 7, Sections 7.1–7.7 and 7.10, Chapter 8, Sections 8.7 and 8.8 (exclude Options, Futures, Forwards and Swaps), Chapter 9, Sections 9.4, 9.6, 9.8–9.10, Appendix VIII.
OPTION B