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krzysio
August 23rd 2008, 01:10 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise171.pdf

Yours,
Krzyś

krzysio
August 23rd 2008, 11:43 PM
Since this is a frequent topic of discussion on this forum, I decided to write up my ideas on how to pass actuarial exams, and posted them here:
http://www.math.ilstu.edu/krzysio/pass.html
Please consider this, and I always welcome your opinions.
Yours,
Krzys'

krzysio
August 30th 2008, 03:26 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise172.pdf

Yours,
Krzyś

krzysio
September 5th 2008, 08:46 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise173.pdf

Yours,
Krzyś

krzysio
September 5th 2008, 08:47 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise174.pdf

Yours,
Krzyś

krzysio
September 20th 2008, 11:33 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise175.pdf

Yours,
Krzyś

krzysio
September 27th 2008, 05:08 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise176.pdf

Yours,
Krzyś

krzysio
October 4th 2008, 02:33 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise177.pdf

Yours,
Krzyś

krzysio
October 11th 2008, 03:08 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise178.pdf

Yours,
Krzyś

krzysio
October 18th 2008, 02:40 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise179.pdf

Yours,
Krzyś

krzysio
October 25th 2008, 01:40 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise180.pdf

Yours,
Krzyś

kimmy
October 30th 2008, 10:56 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise153.pdf

Yours,
Krzyś
Dr., may i ask for exercise 153: why can't we use 5000 ä 20┐I /1.05 with I as -1.86915% ?

krzysio
October 31st 2008, 01:15 AM
Dr., may i ask for exercise 153: why can't we use 5000 ä 20┐I /1.05 with I as -1.86915% ?

How would this be any better? Feel free to do the problem any way you want, but the direct method I showed is simpler, as I see it. And this is clear that your method is not simple, because your expression is wrong. It should be 5000 a angle 20 at negative interest rate derived from accumulation at 5% and discounting at 7%. Annuity immediate, not annuity due.
Yours,
Krzys'

kimmy
October 31st 2008, 02:00 AM
How would this be any better? Feel free to do the problem any way you want, but the direct method I showed is simpler, as I see it. And this is clear that your method is not simple, because your expression is wrong. It should be 5000 a angle 20 at negative interest rate derived from accumulation at 5% and discounting at 7%. Annuity immediate, not annuity due.
Yours,
Krzys'
Thank you Dr. for your advise. Your method is indeed simpler. I thought the shortcut could be used here for payments with geometric progression. Guess I was confused.

krzysio
October 31st 2008, 02:13 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise181.pdf

Yours,
Krzyś

krzysio
October 31st 2008, 02:14 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise182.pdf

Yours,
Krzyś

krzysio
November 15th 2008, 12:40 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise183.pdf

Yours,
Krzyś

krzysio
November 21st 2008, 06:37 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise184.pdf

Yours,
Krzyś

krzysio
November 27th 2008, 04:39 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise185.pdf

Yours,
Krzyś

krzysio
December 5th 2008, 11:33 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise186.pdf

Yours,
Krzyś

krzysio
December 14th 2008, 12:05 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise187.pdf

Yours,
Krzyś

krzysio
December 21st 2008, 01:54 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise188.pdf

Yours,
Krzyś

krzysio
December 25th 2008, 04:20 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise189.pdf

Yours,
Krzyś

krzysio
December 25th 2008, 04:21 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise190.pdf

Yours,
Krzyś

krzysio
December 28th 2008, 01:15 AM
Could you provide the ftp address for anonymous batch file transfer?

No, thank you.

Yours sincerely,
Krzys' Ostaszewski

krzysio
January 11th 2009, 03:03 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise191.pdf

Yours,
Krzyś

spade
January 14th 2009, 02:37 PM
Dr. O, on the SOA website, they have a different solution and a different answer for http://www.math.ilstu.edu/krzysio/KO-FM-Exercise180.pdf

For Joe's AV at the end of ten years, your equation is:

10(1+(10*.11)) + 30*[a(10)/a(5)] = 61.65

Joe's AV equation on the SOA solution is:

10(1+(10*.11)) + 30(1+(5*.11)) = 67.5

You even state in your solution that [1 + (5)(.11)] is the easy mistake to make. I bring this up not to correct you(or SOA), but to find out the right way to solve future investments with simple interest. Is SOA wrong?

krzysio
January 17th 2009, 05:37 PM
Please give the "SOA website" source.


Dr. O, on the SOA website, they have a different solution and a different answer for http://www.math.ilstu.edu/krzysio/KO-FM-Exercise180.pdf

For Joe's AV at the end of ten years, your equation is:

10(1+(10*.11)) + 30*[a(10)/a(5)] = 61.65

Joe's AV equation on the SOA solution is:

10(1+(10*.11)) + 30(1+(5*.11)) = 67.5

You even state in your solution that [1 + (5)(.11)] is the easy mistake to make. I bring this up not to correct you(or SOA), but to find out the right way to solve future investments with simple interest. Is SOA wrong?

krzysio
January 17th 2009, 05:37 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise192.pdf

Yours,
Krzyś

spade
January 17th 2009, 10:32 PM
It is at http://www.soa.org/files/pdf/mc_course2.pdf

Problem #1. Solutions are at the bottom of the page. Your way makes more logical sense, in my opinion.

krzysio
January 18th 2009, 03:40 PM
It is at http://www.soa.org/files/pdf/mc_course2.pdf

Problem #1. Solutions are at the bottom of the page. Your way makes more logical sense, in my opinion.

This is a posting of old exam 2, not exam FM. At that time, the question caused a lot of controversy, precisely for the reason you identified, and, to my best knowledge, SOA ended up accepting both answers, and never asking a question on this topic in such an unclear way again.
Yours,
Krzys'

spade
January 18th 2009, 08:34 PM
This is a posting of old exam 2, not exam FM. At that time, the question caused a lot of controversy, precisely for the reason you identified, and, to my best knowledge, SOA ended up accepting both answers, and never asking a question on this topic in such an unclear way again.
Yours,
Krzys'

Thank you for clearing that up. As far as finding the accumulated value for a deposit at a time > 0, with simple interest, does SOA still accept both ways of doing it?

krzysio
January 19th 2009, 03:00 AM
Thank you for clearing that up. As far as finding the accumulated value for a deposit at a time > 0, with simple interest, does SOA still accept both ways of doing it?

Looking for guarantees? Then you should be taking CPA exams. I stand by the method I presented in my solution. If there is controversy, I will support an appeal. But guarantees that all questions will be reasonable? Nobody can guarantee that.

Make sure that you understand what the controversy is about and make sure that you understand the method I presented. Good luck in your studies.

Yours,
Krzys'

krzysio
January 24th 2009, 02:41 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise193.pdf

Yours,
Krzyś

krzysio
February 2nd 2009, 02:04 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise194.pdf

Yours,
Krzyś

krzysio
February 18th 2009, 02:45 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise195.pdf

Yours,
Krzyś

krzysio
February 18th 2009, 02:45 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise196.pdf

Yours,
Krzyś

krzysio
February 18th 2009, 02:47 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise197.pdf

Yours,
Krzyś

krzysio
February 21st 2009, 01:16 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise198.pdf

Yours,
Krzyś

cynthia edde
March 1st 2009, 02:56 AM
sir krzys
i'm an actuarial student, i'm planning to sit for the fm exam this may. i have your manual, but yet i can't open the pdf files you post, i don't know why . are these exercises you post included in your fm manual ??
thank you

krzysio
March 3rd 2009, 12:59 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise199.pdf

Yours,
Krzyś

stine985
March 4th 2009, 05:51 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise194.pdf

Yours,
Krzyś

I have a question on exercise 194 (January 31, 2009 post)..You solve it as a perpetuity immediate, but isn't this question a perpetuity due? Or am I viewing reading the question wrong

krzysio
March 5th 2009, 04:49 AM
I have a question on exercise 194 (January 31, 2009 post)..You solve it as a perpetuity immediate, but isn't this question a perpetuity due? Or am I viewing reading the question wrong

My bad. I definitely meant to phrase the question with payments at the end of the appropriate period, because one does not issue bonds that pay coupons at the beginning of the period. I will correct this. Thank you for pointing this out.
Yours,
Krzys'

krzysio
March 15th 2009, 01:51 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise200.pdf

Yours,
Krzyś

krzysio
March 23rd 2009, 03:29 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise201.pdf

Yours,
Krzyś

krzysio
April 2nd 2009, 09:07 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise202.pdf

Yours,
Krzyś

krzysio
April 2nd 2009, 09:08 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise203.pdf

Yours,
Krzyś

troydanielbecker
April 4th 2009, 07:26 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise203.pdf

Yours,
Krzyś

I got a link error on that one....

isayni
April 4th 2009, 08:05 PM
In the practice examination #1 of your study manual (Fifth ed. Dec. 2008), the problem #27, you say a corporate income tax of 20%, but in the solution for the expected profit you wrote 0.5*(0.4*($120-$97.09*1.03))+0.5*($90-97.09*1.03). Shouldn't it be 0.8 instead of 0.4 since the tax rate is 20%?


Thanks

krzysio
April 5th 2009, 01:19 AM
I got a link error on that one....

Some trouble with the server, corrected now.
Yours,
Krzys'

krzysio
April 5th 2009, 01:20 AM
In the practice examination #1 of your study manual (Fifth ed. Dec. 2008), the problem #27, you say a corporate income tax of 20%, but in the solution for the expected profit you wrote 0.5*(0.4*($120-$97.09*1.03))+0.5*($90-97.09*1.03). Shouldn't it be 0.8 instead of 0.4 since the tax rate is 20%?


Thanks

Typo. So sorry. Please check the errata:
http://www.math.ilstu.edu/krzysio/FM-Dec2008-Errata.pdf
Yours,
Krzys'

isayni
April 5th 2009, 11:01 PM
In practice examination #1 (Dec. 2008 edition), exercise #27, you accumulated the cost of $97.97 with the effective rate of interest of 3%, so that the profit after one year uses a cost of 97.09*1.03 instead of $97.09. But in #32, the cost of $100 stays the same after one year, is it because the rate of interest here is a risk-free rate and coal production isn’t risk free so therefore we can’t apply this rate to accumulate the cost for one year?

Since we’re asked to find the after tax profit, shouldn’t the actual profit be (1-0.4)*393,000=$235,800 instead of $393,000?

Thanks.

krzysio
April 6th 2009, 01:10 AM
In practice examination #1 (Dec. 2008 edition), exercise #27, you accumulated the cost of $97.97 with the effective rate of interest of 3%, so that the profit after one year uses a cost of 97.09*1.03 instead of $97.09. But in #32, the cost of $100 stays the same after one year, is it because the rate of interest here is a risk-free rate and coal production isn’t risk free so therefore we can’t apply this rate to accumulate the cost for one year?

Since we’re asked to find the after tax profit, shouldn’t the actual profit be (1-0.4)*393,000=$235,800 instead of $393,000?

Thanks.

Please check the errata. Please e-mail me future questions.
Yours,
Krzys'

krzysio
April 6th 2009, 02:22 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise204.pdf

Yours,
Krzyś

krzysio
April 11th 2009, 03:31 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise205.pdf

Yours,
Krzyś

krzysio
April 11th 2009, 03:54 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise206.pdf

Yours,
Krzyś

krzysio
April 25th 2009, 04:53 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise207.pdf

Yours,
Krzyś

krzysio
April 25th 2009, 04:54 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise208.pdf

Yours,
Krzyś

krzysio
May 18th 2009, 01:14 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise209.pdf

Yours,
Krzyś

krzysio
May 24th 2009, 08:31 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise210.pdf

Yours,
Krzyś

krzysio
June 1st 2009, 02:21 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise211.pdf

Yours,
Krzyś

krzysio
June 8th 2009, 01:29 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise212.pdf

Yours,
Krzyś

krzysio
June 13th 2009, 09:14 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise213.pdf

Yours,
Krzyś

krzysio
June 21st 2009, 12:06 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise214.pdf

Yours,
Krzyś

krzysio
June 27th 2009, 10:51 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise215.pdf

Yours,
Krzyś

krzysio
July 4th 2009, 10:50 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise216.pdf

Yours,
Krzyś

akirika
July 5th 2009, 12:56 AM
just wondering, how are the difficulties of dr.o's questions compared to the real exam

krzysio
July 24th 2009, 08:42 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise217.pdf

Yours,
Krzyś

krzysio
July 24th 2009, 08:45 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise218.pdf

Yours,
Krzyś

krzysio
July 24th 2009, 08:46 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise219.pdf

Yours,
Krzyś

krzysio
August 2nd 2009, 12:26 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise220.pdf

Yours,
Krzyś

krzysio
August 8th 2009, 09:18 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise221.pdf

Yours,
Krzyś

krzysio
August 15th 2009, 08:28 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise222.pdf

Yours,
Krzyś

krzysio
August 23rd 2009, 01:45 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise223.pdf

Yours,
Krzyś

krzysio
September 4th 2009, 11:48 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise224.pdf

Yours,
Krzyś

krzysio
September 4th 2009, 11:49 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise225.pdf

Yours,
Krzyś

krzysio
September 13th 2009, 01:35 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise226.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 01:16 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise227.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:36 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise228.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:37 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise229.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:38 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise230.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:38 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise231.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:39 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise232.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:40 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise233.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:40 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise234.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:41 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise235.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:41 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise236.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:42 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise237.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:43 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise238.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:44 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise239.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:45 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise240.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:45 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise241.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:46 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise242.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:47 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise243.pdf

Yours,
Krzyś

krzysio
September 20th 2009, 09:47 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise244.pdf

Yours,
Krzyś

Vypa
October 15th 2009, 01:48 PM
It is posted at
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise110.pdf
Yours sincerely,
Krzys' Ostaszewski

Krzys,

I was under the assumption that all T-Bills were priced discounted from face value. Thus, why do we not find the one-year spot discount rate and proceed from there in the solution provided above?

Thank you for your help.

krzysio
October 16th 2009, 01:28 AM
Krzys,

I was under the assumption that all T-Bills were priced discounted from face value. Thus, why do we not find the one-year spot discount rate and proceed from there in the solution provided above?

Thank you for your help.

Please read the first sentence of the solution.
Yours,
Krzys'

Galina
November 1st 2009, 12:00 PM
Hello everyone!

I am new here, so I just figuring out how it all works. I have a question regarding the two types of invetment. For may homework, I have a problem that gives a table of different rates for several years. The table shows the year rates and the portfolio ones. After the first 3 years, the portfolio method is used. I am also given the amount of interest accumulated over the year 3. the question is to find one of the missing interest rates.

If this helps, this is question 34 in Kellison, in chapter 7.

Thank you.

Vypa
November 1st 2009, 10:39 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise68.pdf

Yours,
Krzys' Ostaszewski

Krzys, is "Regular" duration the same as Modified duration?

Thanks.

drparliament
November 29th 2009, 05:04 AM
Krzys, is "Regular" duration the same as Modified duration?

Thanks.

I know it's been a month since this question, but I'll answer anyway. If by regular duration, you mean Macauley duration (usually symbolized D), then no. Modified duration = D/(1 + i)

Just wanted to say that if these problems are the ones I get on Wednesday, then God help me.

drparliament
December 2nd 2009, 09:58 PM
Some of these questions must be from very old versions of the test.

mathrix
December 8th 2009, 01:10 AM
Hi Dr. Krzys,

How much is the latest ASM Study manual for Exam FM/2, including shipping to the Philippines?

Thank you so much.

krzysio
December 9th 2009, 01:06 AM
Hi Dr. Krzys,
How much is the latest ASM Study manual for Exam FM/2, including shipping to the Philippines?


This question does not belong in this forum, and it should be addressed to the authors of the ASM Manual for exam FM, or sellers. You can find information at the web site of the publisher:
http://www.studymanuals.com
The ASM Manual for exam FM is written by Hal Cherry and Rick Gorvett. I wrote the FM Manual distributed by the New England Actuarial Seminars.
Yours,
Krzys'

krzysio
December 9th 2009, 01:10 AM
Some of these questions must be from very old versions of the test.

If any questions are from old actuarial examinations, those examinations are clearly identified, as they represent copyrighted property of the SOA and/or CAS. As for apparent suggestion that the question do not correspond to the current Course FM syllabus, you are clearly unfamiliar with the said syllabus.
Sincerely,
Krzys' Ostaszewski

krzysio
December 9th 2009, 01:13 AM
Hello everyone!

I am new here, so I just figuring out how it all works. I have a question regarding the two types of invetment. For may homework, I have a problem that gives a table of different rates for several years. The table shows the year rates and the portfolio ones. After the first 3 years, the portfolio method is used. I am also given the amount of interest accumulated over the year 3. the question is to find one of the missing interest rates.

If this helps, this is question 34 in Kellison, in chapter 7.

Thank you.

This post does not belong in this forum.
Krzys'

drparliament
December 12th 2009, 01:59 PM
If any questions are from old actuarial examinations, those examinations are clearly identified, as they represent copyrighted property of the SOA and/or CAS. As for apparent suggestion that the question do not correspond to the current Course FM syllabus, you are clearly unfamiliar with the said syllabus.
Sincerely,
Krzys' Ostaszewski

Dr. Ostaszewski,

Thank you for responding to my post. I never suggested that all the questions do not correspond to the current syllabus, just some of them.

For example, in my studies, I did not find terms like "regular duration" or "macaulay dispersion", yet they appeared in questions and solutions here.

Dispersion is not listed as a topic in the syllabus http://www.soa.org/files/pdf/edu-2009-fall-exam-fm.pdf and the only types of duration listed on the syllabus are modified and macaulay.

My concern is that someone would read some of these questions in the lead up to the exam, like I did, and have a minor panic attack at being introduced to new topics for the first time.

Vypa
December 13th 2009, 06:14 PM
Dr. Ostaszewski,

Thank you for responding to my post. I never suggested that all the questions do not correspond to the current syllabus, just some of them.

For example, in my studies, I did not find terms like "regular duration" or "macaulay dispersion", yet they appeared in questions and solutions here.

Dispersion is not listed as a topic in the syllabus http://www.soa.org/files/pdf/edu-2009-fall-exam-fm.pdf and the only types of duration listed on the syllabus are modified and macaulay.

My concern is that someone would read some of these questions in the lead up to the exam, like I did, and have a minor panic attack at being introduced to new topics for the first time.

Remember, drparliament, Dr. O is providing these questions for free and he is not obligated to do so. Yeah, they're a lot harder than what you'll find on the actual exam, but I think that's his style - to over prepare you. I found working Dr. O's problems towards the end of my studying for both P and FM very helpful. I don't know if it was the best use of my time, but it was nice seeing fresh and challenging questions.

krzysio
December 15th 2009, 01:08 AM
Dr. Ostaszewski,

Thank you for responding to my post. I never suggested that all the questions do not correspond to the current syllabus, just some of them.

For example, in my studies, I did not find terms like "regular duration" or "macaulay dispersion", yet they appeared in questions and solutions here.

Dispersion is not listed as a topic in the syllabus http://www.soa.org/files/pdf/edu-2009-fall-exam-fm.pdf and the only types of duration listed on the syllabus are modified and macaulay.

My concern is that someone would read some of these questions in the lead up to the exam, like I did, and have a minor panic attack at being introduced to new topics for the first time.

Current syllabus is here:
http://www.soa.org/files/pdf/edu-2010-spring-exam-fm.pdf
The syllabus covers immunization, including full immunization. If you do not want to learn, I promise I will not force you. You will have to compete with my students on the test, though.
Yours sincerely,
Krzys' Ostaszewski

krzysio
December 15th 2009, 01:10 AM
Remember, drparliament, Dr. O is providing these questions for free and he is not obligated to do so. Yeah, they're a lot harder than what you'll find on the actual exam, but I think that's his style - to over prepare you.

Thank you for your kind words, but in all fairness, I should express my opinion that over time both P and FM are becoming harder and seem to be converging to the level that I propose. I will have to start working on more difficult questions.

Yours,
Krzys'

drparliament
December 15th 2009, 10:23 PM
Remember, drparliament, Dr. O is providing these questions for free and he is not obligated to do so. Yeah, they're a lot harder than what you'll find on the actual exam, but I think that's his style - to over prepare you. I found working Dr. O's problems towards the end of my studying for both P and FM very helpful. I don't know if it was the best use of my time, but it was nice seeing fresh and challenging questions.

Yeah, I'm actually glad that there are alternative questions. I simply noted that a few topics aren't worth studying, and when pressed, I replied with examples.

drparliament
December 15th 2009, 10:55 PM
Current syllabus is here:
http://www.soa.org/files/pdf/edu-2010-spring-exam-fm.pdf
The syllabus covers immunization, including full immunization. If you do not want to learn, I promise I will not force you. You will have to compete with my students on the test, though.
Yours sincerely,
Krzys' Ostaszewski

Dr. Ostaszewski

Thanks, but further studying won't be necessary as I passed this on a quarter of the recommended study time (and also knowing nothing about macaulay dispersion :) .)

Too make a final comment:

I respectfully submit that these last few posts represent a generational break here between the revered "old guards" of the profession who might not be aware of how simplified the exams have gradually become over the years, and the younger generations with 1-3 exams who are unable to get interviews. Every one of my older professors used to talk up these exams like they were tough too (300+ study hours, "no one passes the first time", etc.)

NoMoreExams
December 15th 2009, 11:28 PM
Not to hijack the thread even further but have you passed MLC and/or C?

drparliament
December 16th 2009, 09:11 PM
Not to hijack the thread even further but have you passed MLC and/or C?

Okay, fair enough, I haven't (nor have I attempted to.)

I meant to refer to the first two exams when I typed "the exams are becoming easier."

krzysio
December 17th 2009, 08:54 PM
Dr. Ostaszewski
Thanks, but further studying won't be necessary as I passed this on a quarter of the recommended study time (and also knowing nothing about macaulay dispersion :) .)


That's OK, they will get you on the later exams.


I respectfully submit that these last few posts represent a generational break here between the revered "old guards" of the profession who might not be aware of how simplified the exams have gradually become over the years, and the younger generations with 1-3 exams who are unable to get interviews. Every one of my older professors used to talk up these exams like they were tough too (300+ study hours, "no one passes the first time", etc.)

300+ hours? Luxury! Of course exams were much tougher when I took them. We had to walk ten miles in snow storm uphill both ways to get the exam center and get back from it! And we had to study thousands of hours!

Yours,
Krzys'

krzysio
January 23rd 2010, 02:10 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise245.pdf

Yours,
Krzyś

krzysio
February 1st 2010, 11:54 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise246.pdf

Yours,
Krzyś

krzysio
February 6th 2010, 10:55 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise247.pdf

Yours,
Krzyś

krzysio
February 13th 2010, 04:15 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise248.pdf

Yours,
Krzyś

jeffreyarambulo
February 13th 2010, 10:37 PM
thank you very much

krzysio
February 20th 2010, 11:25 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise249.pdf

Yours,
Krzyś

krzysio
March 1st 2010, 09:36 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise250.pdf

Yours,
Krzyś

krzysio
March 6th 2010, 06:45 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise251.pdf

Yours,
Krzyś

krzysio
March 14th 2010, 12:35 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise252.pdf

Yours,
Krzyś

krzysio
March 20th 2010, 11:46 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise253.pdf

Yours,
Krzyś

krzysio
March 28th 2010, 01:33 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise254.pdf

Yours,
Krzyś

aqua_dive_trek
March 28th 2010, 06:50 PM
[deleted by Irish Blues - see the 1st post of the thread regarding questions to problems in the ASM manual]

krzysio
March 29th 2010, 01:09 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise255.pdf

Yours,
Krzyś

krzysio
April 11th 2010, 05:03 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise256.pdf

Yours,
Krzyś

krzysio
April 26th 2010, 02:54 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise257.pdf

Yours,
Krzyś

krzysio
April 26th 2010, 02:54 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise258.pdf

Yours,
Krzyś

krzysio
May 2nd 2010, 02:39 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise259.pdf

Yours,
Krzyś

krzysio
May 6th 2010, 09:35 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise260.pdf

Yours,
Krzyś

krzysio
May 16th 2010, 01:43 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise261.pdf

Yours,
Krzyś

krzysio
May 22nd 2010, 08:01 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise262.pdf

Yours,
Krzyś

krzysio
May 30th 2010, 11:43 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise263.pdf

Yours,
Krzyś

krzysio
June 5th 2010, 10:45 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise264.pdf

Yours,
Krzyś

krzysio
June 14th 2010, 02:22 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise265.pdf

Yours,
Krzyś

krzysio
June 19th 2010, 12:28 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise266.pdf

Yours,
Krzyś

krzysio
June 26th 2010, 04:58 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise267.pdf

Yours,
Krzyś

krzysio
July 3rd 2010, 02:56 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise268.pdf

Yours,
Krzyś

krzysio
July 17th 2010, 12:20 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise269.pdf

Yours,
Krzyś

krzysio
July 17th 2010, 12:21 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise270.pdf

Yours,
Krzyś

krzysio
July 24th 2010, 02:31 AM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise271.pdf

Yours,
Krzyś

krzysio
August 2nd 2010, 01:48 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise272.pdf

Yours,
Krzyś

krzysio
August 7th 2010, 07:37 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise273.pdf

Yours,
Krzyś

roshail khalid
August 12th 2010, 04:28 PM
It is posted at:
http://www.math.ilstu.edu/krzysio/KO-FM-Exercise81.pdf
Yours,
Krzys' Ostaszewski

Hi Dr, there's a writing error in this question .

"The right-hand side equals $5 + $3 = $53, and the two are not equal, even though they
must be in the absence of arbitrage."

it should be " $50 + $3 = 53 "

thanks

ROSh

krzysio
August 13th 2010, 01:33 AM
Hi Dr, there's a writing error in this question .

"The right-hand side equals $5 + $3 = $53, and the two are not equal, even though they
must be in the absence of arbitrage."

it should be " $50 + $3 = 53 "

thanks

ROSh

Thank you for pointing out the typo. Corrected now.
Yours,
Krzys'

krzysio
August 16th 2010, 02:51 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise274.pdf

Yours,
Krzyś

krzysio
August 29th 2010, 08:30 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise275.pdf

Yours,
Krzyś

krzysio
August 29th 2010, 08:31 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise276.pdf

Yours,
Krzyś

krzysio
September 6th 2010, 02:03 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise277.pdf

Yours,
Krzyś

krzysio
September 13th 2010, 06:54 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise278.pdf

Yours,
Krzyś

intoronto
September 15th 2010, 05:22 PM
these are great. thank you for them.

krzysio
September 18th 2010, 07:34 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise279.pdf

Yours,
Krzyś

krzysio
September 26th 2010, 11:48 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise280.pdf

Yours,
Krzyś

krzysio
October 3rd 2010, 11:16 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise281.pdf

Yours,
Krzyś

krzysio
October 10th 2010, 12:10 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise282.pdf

Yours,
Krzyś

krzysio
October 16th 2010, 05:53 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise283.pdf

Yours,
Krzyś

krzysio
October 24th 2010, 10:19 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise284.pdf

Yours,
Krzyś

krzysio
October 31st 2010, 04:31 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise285.pdf

Yours,
Krzyś

krzysio
November 5th 2010, 11:01 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise286.pdf

Yours,
Krzyś

krzysio
November 14th 2010, 05:54 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise287.pdf

Yours,
Krzyś

krzysio
November 20th 2010, 01:28 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise288.pdf

Yours,
Krzyś

krzysio
November 26th 2010, 11:15 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise289.pdf

Yours,
Krzyś

krzysio
November 26th 2010, 11:16 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise290.pdf

Yours,
Krzyś

krzysio
November 26th 2010, 11:17 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise291.pdf

Yours,
Krzyś

krzysio
December 18th 2010, 02:52 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise293.pdf

Yours,
Krzyś

krzysio
January 8th 2011, 06:36 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise292.pdf

Yours,
Krzyś

krzysio
January 8th 2011, 06:37 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise294.pdf

Yours,
Krzyś

krzysio
January 10th 2011, 01:24 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise295.pdf

Yours,
Krzyś

krzysio
January 15th 2011, 11:36 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise296.pdf

Yours,
Krzyś

krzysio
January 23rd 2011, 08:27 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise297.pdf

Yours,
Krzyś

krzysio
January 30th 2011, 01:34 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise298.pdf

Yours,
Krzyś

krzysio
February 5th 2011, 08:05 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise299.pdf

Yours,
Krzyś

krzysio
February 13th 2011, 01:33 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise300.pdf

Yours,
Krzyś

krzysio
February 20th 2011, 08:43 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise301.pdf

Yours,
Krzyś

krzysio
February 26th 2011, 04:23 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise302.pdf

Yours,
Krzyś

krzysio
March 5th 2011, 12:50 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise303.pdf

Yours,
Krzyś

krzysio
March 12th 2011, 05:01 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise304.pdf

Yours,
Krzyś

krzysio
March 25th 2011, 01:06 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise305.pdf

Yours,
Krzyś

krzysio
March 27th 2011, 12:02 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise306.pdf

Yours,
Krzyś

krzysio
March 27th 2011, 01:02 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise307.pdf

Yours,
Krzyś

krzysio
April 11th 2011, 11:26 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise308.pdf

Yours,
Krzyś

krzysio
April 17th 2011, 11:15 AM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise309.pdf

Yours,
Krzyś

krzysio
April 23rd 2011, 11:32 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise310.pdf

Yours,
Krzyś

dadado
May 7th 2011, 08:09 PM
It is posted at:
http://math.illinoisstate.edu/krzysio/KO-FM-Exercise306.pdf

Yours,
Krzyś

Hi,

The answer choice C has extra "n" in 100nδ from the solution you derived.

krzysio
May 8th 2011, 10:05 PM
Hi,

The answer choice C has extra "n" in 100nδ from the solution you derived.

Typo. My apologies. Will correct promptly.
Yours,
Krzys'

Cygnewhite
May 10th 2011, 12:56 AM
Thank you for the practice questions!

dadado
May 10th 2011, 01:28 AM
Thank you for the practice questions!

Yes, I appreciate these questions very much. Thank you

krzysio
May 31st 2011, 01:24 PM
With a sad heart, I have to tell you all that I will not be able to post any new exercises. I am just too busy with my work. I will, however, keep all the past questions available as they had been posted over the last five years, and if additional practice problems are posted by the Society of Actuaries, I will post my model solutions to them. I still welcome questions about my practice problems and will answer them in this forum. Good luck to everyone in your studies.
Yours,
Krzys'

simfarm
June 27th 2011, 07:10 PM
Hey, I am on a tight budget but desperately want practice exams. Would it be all right to just break your practice questions into 35-question chunks and treat them as practice exams?

Thanks,
Chris

PS: So far I've done the two old FM exams and SOA's sample problems... do you know where I can get other free practice exams?

Noman188
December 8th 2011, 01:32 PM
I have a question...
For 3 years you are given compound Interest, simple interest, simple discount, compound discount. Arrange in ascending order ?

Could anyone help me out to solve this...please

Thank you so much!!

krzysio
April 11th 2013, 02:49 PM
I will teach an online class, Mathematics 280, covering Course FM/2 examination, this Summer 2013 semester, at Illinois State University. This is a regular academic class, not a seminar. Of course Illinois State University offers online seminars for P/1, FM/2, and MLC, as well, always open for registration, see http://smartURL.it/onlineactuary. If you want to find out more, please e-mail: actuary@IllinoisState.edu.
Yours sincerely,
Krzys' Ostaszewski