Recently I read a comment from an actuary that a lot of the math they studied as part of the program they never actually used. I'm not interested in becoming an actuary, but I'm interested in ...
I'm currently reading Kellison's book, The Theory of Interest. I've reached the chapter on Effective Rate of Discount and it's somewhat confusing. The book explains it as a loan where interest is paid ...
I heard that they are difficult. Is this true? Are they like the qualifying exams in grad school? For example, is the probability exam and the financial math exam comparable to qualifying exams (e.g. ...