Actuarial science is a discipline that uses mathematics and statistics to assess risk. The mathematics involved in actuarial science includes probability, statistics, finance, life insurance mathematics, and more.

learn more… | top users | synonyms

6
votes
4answers
36k views

Are the actuarial exams hard? [closed]

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. ...
2
votes
1answer
69 views

Actuarial : “ Amortization - mortage”

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 ...
1
vote
0answers
340 views

Calculating the interest rate for an annuity (Exam FM)

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 ...
1
vote
1answer
78 views

Which model to use ? (probability problem)

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 ...
1
vote
0answers
171 views

Probability of remaining lifetime using force of mortality

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 ...
0
votes
1answer
157 views

Interest Rate Tree in Matlab

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) ...