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Initial investment = # of units * initial unit value
1000 units * $4/unit = $4000

Also calculate # of units actually purchased
1000 units * (1 - .09) = 910 units

a) End of period value per...

Popular Answer Key. Basically the consensus answers for an exam.

Actuary.com was registered to its current owner in 1995. The forums were much more crude (technology at the time).

I think the first actuarial forum was on Compuserve, Actuaries Online. Even more...

... and know that it's "Centers of Excellence".

Though maybe it's more of a foot odor thing.

I would say yes. I have no experience with them myself but know people who swear by them. Good practice plus networking.

http://www.soa.org/education/resources/actuarial-colleges/actuarial-college-listings-details.aspx

In the US you can get a degree in underwater basket weaving, it doesn't matter. Of course a relevant degree will help! The actuarial career here is somewhat unique in that you don't need a degree in...

Yes, there was an answer on AO. Additionally, since you're using Bowers, see appendices 3 and 4 which provide an index as to when in the text various symbols are first used (App 3), as well as...

Agree with NoMoreExams, it will vary considerably. A search of the actuarial directory online shows 277 PhD/FSA combinations (some will be in industry as opposed to academia, some retired, etc) and...

I believe discussing generalities is ok. Disclosing specific contents of the exam is not.

If the SOA enforces this, yes, they should get failed notices.

Would you be willing to take that risk with your career?

If you were a professional and signed a nondisclosure agreement what do...

If you read the instructions sent to you, and available online, you will see that disclosing the contents of the exam to another person (rule 12 under examination discipline) is prohibited....

If you read the instructions sent to you, and available online, you will see that disclosing the contents of the exam to another person (rule 12 under examination discipline) is prohibited....

Generally companies who will hire an actuary as a consultant will require that the actuary have a significant amount of experience (or work for an actuary who does) and may require credentials.
...

That is correct.

Guess you'll just have to memorize a few values or learn to use the provided tables.

Most credentialed actuaries aren't pursuing this, however. It's likely to initially be something that chief actuaries are grandfathered into and younger actuaries get by exam, leaving the rest of us...

:Ouch: Hurricanes hitting my house.

Without actuarial exams it means little. They might help you get an interview but it's the exams that will get you the job.

CF(0)=-1
CF(1)=3
CF(2)=7
CF(3)=4
CF(4)=1

Then the value at time t=2 is

-1*1.01^2+3*1.01+7+4*1.01^-1+1*1.01^-2.

We still have applications using Access 97 (insurance companies aren't the fastest ones to adopt new technology).

Learning 2000 should be fine. The concepts are similar across most versions.

Answer the question truthfully. The answer is about you, we can't give you any help there. Anything else would lead to a dishonest answer which is a nono.

After conversion you should have credit for exams P and FM (CAS 1 and 2).

I don't recall that accounting is on the exams but it is extremely useful to have at least a basic understanding of the concepts. If I could go back in time to college I'd take some accounting...

Let us know what it turns out to be, and good luck!