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  1. Replies
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    1,517

    Initial investment = # of units * initial unit...

    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...
  2. Thread: Please Explain PAK

    by FSA
    Replies
    2
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    2,168

    Popular Answer Key. Basically the consensus...

    Popular Answer Key. Basically the consensus answers for an exam.
  3. Replies
    7
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    3,151

    Poll: Actuary.com was registered to its current owner...

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

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

    Though maybe it's more of a foot odor thing.
  5. Replies
    3
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    1,603

    I would say yes. I have no experience with them...

    I would say yes. I have no experience with them myself but know people who swear by them. Good practice plus networking.
  6. Replies
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    1,320

    http://www.soa.org/education/resources/actuarial-c...

    http://www.soa.org/education/resources/actuarial-colleges/actuarial-college-listings-details.aspx
  7. Replies
    13
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    4,385

    In the US you can get a degree in underwater...

    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...
  8. Replies
    12
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    5,131

    Yes, there was an answer on AO. Additionally,...

    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...
  9. Replies
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    3,960

    Agree with NoMoreExams, it will vary...

    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...
  10. I believe discussing generalities is ok....

    I believe discussing generalities is ok. Disclosing specific contents of the exam is not.
  11. Thread: Nov 2008 Exam

    by FSA
    Replies
    10
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    5,153

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

    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...
  12. If you read the instructions sent to you, and...

    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....
  13. Thread: Nov 2008 Exam

    by FSA
    Replies
    10
    Views
    5,153

    If you read the instructions sent to you, and...

    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....
  14. Generally companies who will hire an actuary as a...

    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.
    ...
  15. Replies
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    7,616

    That is correct.

    That is correct.
  16. Thread: Calculator issue.

    by FSA
    Replies
    6
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    5,457

    Guess you'll just have to memorize a few values...

    Guess you'll just have to memorize a few values or learn to use the provided tables.
  17. Thread: CERA Designation

    by FSA
    Replies
    4
    Views
    1,994

    Most credentialed actuaries aren't pursuing this,...

    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...
  18. Replies
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    62,766

    :Ouch: Hurricanes hitting my house.

    :Ouch: Hurricanes hitting my house.
  19. Thread: Cfa designation

    by FSA
    Replies
    3
    Views
    1,605

    Without actuarial exams it means little. They...

    Without actuarial exams it means little. They might help you get an interview but it's the exams that will get you the job.
  20. Replies
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    1,555

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

    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.
  21. Replies
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    1,757

    We still have applications using Access 97...

    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.
  22. Replies
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    1,767

    Answer the question truthfully. The answer is...

    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.
  23. Replies
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    2,287

    After conversion you should have credit for exams...

    After conversion you should have credit for exams P and FM (CAS 1 and 2).
  24. I don't recall that accounting is on the exams...

    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...
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    1,553

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

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