A Basic Course in the Theory of Interest and Derivatives Markets

A complete open textbook on simple and compound interest, annuities, loans, bonds and investment decisions. Every topic is solved twice, with the formula and with a financial calculator, plus hundreds of worked examples.

Amir Tavangar

Study notes for the actuarial Exam FM that walk through interest rates, annuities, loan amortization, bonds and yield curves. Each chapter pairs clear definitions with exercises and full solutions.

Chris Ruckman, Joe Francis, Kevin Shand

University lecture notes on the time value of money, interest rates, discount factors, annuities and loans. They cover much of the actuarial CT1 syllabus with worked examples and a first look at simple financial instruments.

Jitse Niesen

A study guide to the quantitative analysis of financial deals: accumulation and discounting, yield of investment projects, risk-free securities and optimal portfolios of risky assets. Includes formulas, examples and practice tasks.

A. A. Mitsel

Course notes on effective and nominal interest rates, annuities, loan repayment and bonds, written for an actuarial science class. Each definition comes with a short solved example.

California State University Long Beach