An actuary engaged in research in a university might model differences in longevity according to smoking habits and health status. Students will learn how to calculate a variety of compound interest and actuarial functions using current software. Knowledge of calculus and some probability is assumed, although the student may take a probability class concurrently. Published 1997 by the Society of Actuaries. The instructor is Charles W. Dunn, an independent consulting actuary and a Fellow of the Society of Actuaries.
Actuaries attain professional status by passing a series of examinations.