Finance, Growth and Decay

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

A full course in the theory of interest built for the actuarial Exam FM, from compound interest and annuities to loans, bonds and yield rates. The last part covers derivatives markets, with hundreds of solved problems.

Marcel B. Finan

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