Cashflow Duration & Immunization Unit Review | Exam FM | Financial Mathematics - JK Math
Cashflow Duration & Immunization Unit 5 Review (Financial Mathematics)
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In this video we review the concepts of Financial Mathematics regarding cashflow duration and immunization that I cover in lessons 31 through 35 of my FM video series. This includes Macaulay & modified durations, Macaulay & modified convexity, asset-liability exact matching, Redington & Full Immunization, and price estimation using durations (first-order modified & Macaulay approximations). If you have not watched my lesson and examples videos on these topics, be sure to do that first!
This video series is designed to help students understand the concepts of mathematics of investment and credit, as well as provide a starting point in preparation for the Actuarial Exam FM (Financial Mathematics).
Financial Mathematics requires a proficient understanding of Calculus concepts such as derivative and integration techniques. This implies that a solid understanding in various algebra skills, including manipulating equations, basic factoring methods, solving logarithmic equations, and more, are also required to fully comprehend and learn the concepts of the Financial Mathematics course.
Video Chapters:
00:00:00 Unit 5 Topics (Intro)
00:01:24 Reviewing Formulas
00:22:15 Problem 1
00:31:00 Problem 2
00:47:38 Problem 3
01:00:42 Problem 4
01:08:05 Problem 5
01:22:28 Problem 6
🌟 Problems 7, 8, 9, and 10 are available exclusively on my membership site JK Math+: https://www.jkmathematics.com/plus 🌟
⏩ Final Exam Review: Coming Soon!
📺 Course Playlist: • Financial Mathematics
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Josh from JK Mathematics
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