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. ...
What is the monthly payment for a $800,000 mortgage for the first 119 payments that is due in 10 years, has a 25 year amortization, at 5% interest? What is the amount of the 120th payment? I ...
I have been searching for a way to solve for the interest rate given the monthly payments of a loan. I would like to set up a problem as the following. $X$=monthly payment , $i$=effective ...
The following was the problem that I was working on. As a part of the underwriting process for insurance, each prospective policyholder is tested for high blood pressure. Let X represent the ...
I've been stuck on this question for the past half hour and still have no idea how to solve it... I don't think it's supposed to be very difficult but I'm struggling: There are two independent live ...
I would like to calibrate a interest rate tree using the optimization tool in matlab. Need some guidance on doing it. The interest rate tree looks like this: How it works: 3.73% = 2.5%*exp(2*0.2) ...