Financial Mathematics Proof Manual · Complete Reference Edition · PDF
Exam FM study manual PDF with all 461 worked solutions and BA II Plus steps
A complete, searchable Exam FM study manual built for the current Financial Mathematics (FM) official sample set. Each of the 2,210 pages belongs to a question chapter, formula toolkit, error catalog, or new practice problem — not filler.
This is an offline solution reference, not a video course. Official question wording is not included; keep the free official sample PDF open beside it.
- Solutions
- 461
- New practice problems
- 461
- Pages
- 2,210
- Price
- $49
One-time $49 · instant personal PDF · no subscription · redownload anytime. ActuaryProof is published by Fermion Co., Ltd.

Check the method before checkout.
Inside the edition
Inside this 2210-page Exam FM study manual
Exact coverage comes from the same checked solutions as the free library on this site.
Table of contents
- Verification methodology and equation-of-value discipline
- Financial mathematics formula and BA II Plus toolkit
- 461 syllabus-grouped official-reference solutions
- 461 fully worked original variants
- Wrong-choice and calculator-error analysis
- Compact verification appendix
- Source, version, and personal-use license
Question and calculator coverage
SOA Exam FM Sample Questions #1–#462 (461 active reference IDs; deleted slot #204 excluded)
118 solutions and 119 new practice problems include problem-specific BA II Plus sequences. Everything else is worked by hand, in full.
A reference, not a reading assignment
How to study with this Exam FM manual
The manual is exhaustive by design. You do not need to read 2,210 pages cover to cover.
Attempt the official reference
Open the free official sample PDF and write the comparison date and equation of value before checking the chapter.
Reproduce the result two ways
Compare the derivation with the direct cash-flow or balance check, then use the printed BA II Plus sequence when applicable.
Prove transfer with the new practice problem
Work the new scenario without memorized wording, then use the full solution and distractor analysis to correct the weak step.
Worked verification method
How every Exam FM solution is verified
The written solution fixes the comparison date, derives the equation of value, and carries the arithmetic through to the published answer choice. A direct cash-flow, balance, or numerical check is included where it helps the reader catch a real error.
A BA II Plus line prints the cleared worksheet state, key sequence, displayed value, sign convention, and END/BGN choice when that workflow applies. It verifies the derivation; it does not replace it.
See the callable-bond valuation and BA II Plus check →Terms
Delivery and refunds
Checkout uses Stripe Tax. After payment, the delivery service stamps the purchaser email into a personal-use PDF and provides a time-limited download. The same email can request a fresh link later.
If the file cannot be delivered or opened, or materially differs from this page, contact support within 14 days for correction or refund. Exam results and change-of-mind refunds are not guaranteed. Mandatory consumer rights remain unaffected.
Read the full refund policy and digital-product terms, or email contact@fermion.company.
Before you buy
Frequently asked questions
Coverage, format, calculator support, delivery, and rights are explicit.
Does the manual include the official question statements?
No. It identifies each question by its official sample number and is written to sit beside the free sample-question PDF from SOA. The original wording is not reproduced.
Does it cover every current Exam FM sample question?
Yes. It covers all 461 questions in the official sample set through #462. Question #204, which SOA has deleted, is excluded.
Are the solutions fully worked?
Yes. Each chapter fixes a comparison date, derives the equation of value, shows the arithmetic through the keyed letter, analyzes the wrong choices, and ends with one new practice problem worked in full.
Are BA II Plus keystrokes included?
Yes, wherever that workflow applies. 118 of the solutions and 119 of the new practice problems print the worksheet state, entries, sign convention, END/BGN mode, and displayed value.
Is this a video course or adaptive question bank?
No. It is a searchable, offline solution companion for candidates who want formal worked answers and reproducible calculator steps for the complete official sample set.
How is the PDF delivered?
Stripe Checkout collects a one-time payment. Your PDF is available immediately, stamped with your purchase email, and the same address can request a fresh download link later without an account.
What is the refund policy?
If the file cannot be delivered or opened, or materially differs from this page, contact support within 14 days for correction or refund. Exam outcomes and change-of-mind refunds are not guaranteed; mandatory consumer rights remain unaffected.
Independent publication
Rights and trademark notice
ActuaryProof is not affiliated with, endorsed by, or sponsored by the Society of Actuaries. 'SOA' and exam names are used solely to identify the exams for which these study materials are relevant. All solutions and variant problems are original works.
Official question wording is not reproduced. Use the official source PDF alongside each reference-solution chapter.
Compact calculator reference
Financial Mathematics Formula & Calculator Workflow Cards
Financial Mathematics Proof Manual
Get the complete Exam FM study manual PDF
2,210 pages with 461 worked solutions, 461 new practice problems, and BA II Plus steps where applicable, in current FM syllabus order. $49, and your copy is stamped with your purchase email.

