Studying for Exam LTAM Series

My Background and Your Prerequisites

This post is the first in a series about studying for Actuarial Exam LTAM — Long-Term Actuarial Mathematics. This exam is basically equivalent to the exam previously labeled Exam MLC — Models for Life Contingencies.

Back in the year 2005, I studied for and passed actuarial Exams P and FM (Exams 1 and 2), on … Read the rest

New Video: Internal Rate of Return

Lecture 5 on Financial Mathematics for Actuarial Science

Financial Math for Actuaries, Lecture 5: Internal Rate of Return (IRR), a.k.a. Yield Rate

I have been working on developing video resources for Bethel University‘s course on Financial Mathematics for Actuarial Science for the past couple of years.

Mostly this has consisted of making many very detailed problem-solving and conceptual videos … Read the rest

Financial Mathematics Terms: Effective Versus Nominal Rates of Interest

One of the most confusing topics for many people when starting to learn about financial mathematics is the various ways of measuring compound interest.

Terms like “effective interest rate”, “nominal interest rate”, “continuous interest rate”, and “real interest rate” show up in various articles and textbooks. Exploring the distinctions and relationships between effective and nominal interest rates is the … Read the rest

Financial Mathematics Tools: Substitutions, Quadratic Formula, Logarithms, and “Functional-Thinking”

The quadratic formula

Useful pre-university mathematics is not restricted to arithmetic, percentages, and basic algebra.

Functional-thinking is one key to doing many other useful things. Tools such as substitutions, the quadratic formula, and logarithms also come in handy.

These tools are used in engineering and science. For example, in the evaluation of useful integrals (such as those that come up in … Read the rest

Foundational Tools for Financial Mathematics: Timelines and Equations of Value

Improving your understanding of mathematics and its applications is a multifaceted process.

It is of utmost importance to become comfortable with abstract ideas, symbols, and the mental manipulation of these things. You should know the rules of algebra so well that they become automatic. Furthermore, visual representations of the concepts are often essential to seeing why facts are true and … Read the rest

The Road Ahead

My plans for this blog are ambitious.

My main goal for Infinity is Really Big is to bring you excellence in mathematical content for your personal and professional growth.

YouTube-Related Content

As of the early January 2019, my YouTube channel, “Bill Kinney Math“, is moderately successful. It has over half a million views and over 4400 subscribers. The … Read the rest