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Exam FM

Financial Mathematics

Society of Actuaries (SOA) · Scheduled — December 2026

Interest theory and the valuation of cash flows: time value of money, annuities, loans, bonds, portfolios, immunization, and basic interest-rate derivatives.

Topic Progress

TopicExam WeightProgress
Time Value of Money10–15%To update
Annuities15–20%To update
Loans10–20%To update
Bonds10–20%To update
General Cash Flows & Portfolios15–20%To update
Immunization10–15%To update
Interest Rate Swaps0–10%To update
Determinants of Interest Rates0–10%To update