Current syllabus · material choices
Exam FM study guide
Check prerequisites, follow the topic dependencies, choose evidence-backed materials, and build calculator fluency.
Official references · independent solutions
Read all 459 independent solutions free in HTML. Find the number in your official SOA sample-question PDF, then open the matching worked solution below. Each solution explains the calculation and includes an independent check and an original practice variant. The question text stays in the official PDF.
Exam P or FM first? Compare the subjects and prerequisites.
Starting your preparation? Use the Exam FM study guide for topic order, study materials and calculator practice.
Need unseen questions? Compare 150 original Exam FM practice problems across timed exams and topic workbooks.
The numbers match the official sample set retrieved 2026-09-26. Deleted numbers are omitted; the remaining questions are not renumbered.
Exam FM study and practice tools
Use the free references for recall and calculator setup, then use original problems to test whether the method transfers.
Current syllabus · material choices
Check prerequisites, follow the topic dependencies, choose evidence-backed materials, and build calculator fluency.
Free HTML · direct PDF download
Review interest, annuity, loan, bond, duration, immunization, and derivative formulas with conditions and worked examples.
TVM · cash flow · bond · duration
Map financial-mathematics setups to calculator worksheets while keeping the equation of value visible.
150 original problems · 5 PDFs
Compare two timed exams and three topic workbooks, with one complete problem visible on every product page.
Current official set
The official sample set retrieved 2026-09-26 contains 459 active questions numbered 1–462. 3 questions SOA has deleted are excluded. Every remaining question has a worked solution here.
Keep the official wording in its source document and use this library as the worked-answer layer.
Open the official sample-question PDF, find the same number, and commit to an answer before reading the solution.
Check the named model, event or comparison date, parameter convention, and the exact step that selects the answer letter.
Use the distractor notes to identify whether the miss came from modeling, timing, boundaries, units, or arithmetic.
Prove that the method transfers to new wording and parameters, then return to the topic hub for the next reference.
The Society of Actuaries also provides a free randomized online sample exam for P and FM using its existing sample-question pool.
Technique index
These curated guides connect formulas, recognition rules, typical errors, and verified solutions that use the same technique across different syllabus settings.
28 verified problems
Constant and variable force of interest, effective and nominal rate conversions, accumulation integrals, and 28 verified Exam FM solutions.
54 verified problems
Level, due, deferred, increasing, growing, and perpetual payment streams under consistent timing and rates.
48 verified problems
Level-payment loans, prospective and retrospective balances, principal-interest splits, refinancing, and balloon payments.
31 verified problems
Macaulay and modified duration, convexity, price sensitivity, immunization, and portfolio weighting.
43 verified problems
Coupon-bond pricing, yield equations, premium and discount behavior, book values, and callable redemption dates.
Syllabus index
Topic names and weight ranges come from the current official syllabus. Counts below include only pages that cleared the verification gate.
5–15%
51 verified solutions
20–30%
113 verified solutions
15–25%
82 verified solutions
15–25%
96 verified solutions
20–30%
117 verified solutions