This course is designed to equip candidates with the knowledge and skills needed to excel in the Financial Mathematics (FM) Exam. The exam tests fundamental concepts of financial mathematics, enabling candidates to calculate values for various cash flow streams used in valuing loans, bonds, asset/liability management, and investment income.
Key Topics:
- Time Value of Money: Present and future value calculations, compound interest, annuities, and perpetuities.
- Cash Flow Valuation: Techniques for evaluating different cash flows.
- Loan and Bond Valuation: Pricing loans, amortization schedules, bond pricing, yields, and duration.
- Asset/Liability Management: Managing and balancing assets & liabilities, immunization strategies.
- Investment Income: Valuating investment returns and managing income streams.
This course provides a solid foundation in financial mathematics, ensuring you’re fully prepared for the FM Exam and your career in finance.