[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-399150-105":59,"doc-detail-399150-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","actuarial-society-of-south-africa-financial-mathematics-a211-examination-18-may-2020","Actuarial Society of South Africa - Financial Mathematics A211 Examination - 18 May 2020","","Actuarial Society of South Africa provides an invigilated examination pack for Subject A211—Financial Mathematics dated 18 May 2020. Instructions cover ProctorU login, candidate-number usage, single-sided A4 answers, pen color, calculation requirements, restricted materials, and mandatory scanning/upload steps with timing limits. The question set tests interpreting model output, Turing tests, interest-only loan cashflows, dividend and capital-gain cashflows, consistency in time value of money, interest rate calculations under changing compounding, inflation index-linked bonds, and spot/forward rate calculations.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/actuarial-society-of-south-africa-financial-mathematics-a211-examination-18-may-2020/399150/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/actuarial-society-of-south-africa-financial-mathematics-a211-examination-18-may-2020/399150.png","ImageObject",300,407,{"name":92,"@type":93},"asba","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-06","2026-09-27",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",14,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What are the key requirements for conducting the exam under ProctorU?","Question",{"text":113,"@type":114},"Log into ProctorU before starting, ensure the writing area is visible, and follow restrictions on using programs, files, or browsers during the exam time. Keep the phone used for scanning switched off during the 2 hours 15 minutes exam window and place it in view of the proctor.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How should answers be written and submitted according to the instructions?",{"text":118,"@type":114},"Write on a clean A4 exam pad using only one side, starting each question on a new page and numbering answers clearly. Scan ALL answer pages to PDF, save using the candidate number as the filename, upload via the Moodle “UPLOAD ANSWERS” link, then click FINISH, FINISHall, and SUBMIT before the upload time limit.",{"name":120,"@type":111,"acceptedAnswer":121},"What topics are assessed in the A211 Financial Mathematics questions?",{"text":122,"@type":114},"The questions cover interpreting model output and drawbacks, describing and using a Turing test, cashflow sign conventions for an interest-only loan, dividend and sale cashflows for a company share investment, consistency in time value of money, compounding-rate calculations over time, inflation index-linked bond coupon and real-yield effects, and continuous-time spot/instantaneous forward rate calculations.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},399150,1790578982,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":44,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},3985747872567,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","Actuarial Society of South Africa  \nEXAMINATION  \n18 May 2020  \nSubject A211—Financial Mathematics  \nTime allowed:  \nTwo hours and fifteen minutes – exam time 20 minutes (at the end of the exam)–scan and upload time  \nINSTRUCTIONS TO THE CANDIDATE  \n1. Ensure that you have logged into your ProctorU account before you attempt the exam. Your PC must be placed so that your writing area is visible to proctor.  \n2. Ensure that you have your candidate number handy to input as part of the exam. Write your candidate number at the top of each page. (DO NOT WRITE YOUR NAME.)  \n3. Your cellphone that will be used to scan your final answer scrip must be switched OFF during the 2hours and 15 minutes exam time. Place your cellphone at the top of your exam pad / writing pages in view of the proctor.  \n4. Questions are only available in this Moodle learning platform and may not be printed.  \n5. You are required to write your answers on a clean A4 exam pad. Write only on 1 side of the paper.  \n6. Attempt all questions, beginning your answer to each question on a new page and numbering your answers clearly.  \n7. Write in black or dark blue pen.  \n8. You should show calculations where this is appropriate.  \n9. You MAY NOT use any computer program ([e.g. email](e.g. email), MS Word or Excel), files or open any other browsers during the examination time.  \n10. You have 15 minutes at the start of the exam to read the questions. You are strongly encouraged to use this time for reading only, but notes may be made. You then have two hours to complete the paper.  \n11. Mark allocations are shown in brackets.  \n12. You may use additional scrap paper to make notes where this is appropriate. This paper MUST NOT BE SCANNED as part of your answer script.  \n13. Assume that months are all of equal length, unless otherwise stated.  \n14. At the end of the 2 hours and 15 minutes exam time, the exam part will close, and you will have 20 minutes to scan and upload your answer script into the Moodle learning platform.  \n15. Access to your PC will be opened-up after the exam time so you can access your scanned file. You may now also switch on your cellphone to scan.  \n16. Scan ALL your answer pages to .pdf so that your candidate number at the top of the page is clear.  \n17. Save your .pdf scanned file using your candidate number as file name. (DO NOT USE YOUR NAME AS FILENAME)  \n18. Transfer your .pdf script to your PC and click on the UPLOAD ANSWERS link below the exam paper link.  \n19. Upload your answer file into the Moodle Learning Platform and ensure you click on  \nFINISH below the upload box and again on FINISHall and SUBMIT, before the  \n20 minute upload time is up. (If the status on the summary page indicates “Answer saved”your file was uploaded. You can click on Review attempt to see the file you’ve uploaded.)  \nNote: The Actuarial Society of South Africa will not be held responsible for loss of data where candidates have not followed instructions as set out above.  \nEND OF INSTRUCTIONS  \nQUESTION 1  \ni. List six drawbacks of models that must be understood when interpreting the output from a model. [4]  \nii. When analysing the output from a model against results ofa real-world system, a ‘Turing’test may be used.  \nBriefly describe a Turing Test and how it can be used to improve a model. [3]  \n[Total 7]  \nQUESTION 2  \ni. Describe the cashflows involved for the issuer of an interest-only loan, referring to certainty of payment, timing of payment, sign of the payments (+’ve or –‘ve) and relative magnitude of cashflows.  \nIgnore the possibility of default in your answer. [4]  \nii. Company X is an aerospace company that pays annual dividends on ordinary shares.  \nDividends are payable each year on 1 July if approved by the Board of Company X.  \nOn 28 June 2016, an investor purchased 10,000 shares, ex-dividend, in Company X at a price of R5.50 each. A dividend of 55c per share was declared on 1 July 2016. Due to the development of a new cost-effective alloy, Compa","cbCaifF1aiVPTtND","https://ap.wps.com/l/cbCaifF1aiVPTtND","pdf",393402,"English","# Instructions to the Candidate\n# Question 1\n# Question 2\n# Question 3\n# Question 4\n# Question 5\n# Question 6","[{\"question\":\"What are the key requirements for conducting the exam under ProctorU?\",\"answer\":\"Log into ProctorU before starting, ensure the writing area is visible, and follow restrictions on using programs, files, or browsers during the exam time. Keep the phone used for scanning switched off during the 2 hours 15 minutes exam window and place it in view of the proctor.\"},{\"question\":\"How should answers be written and submitted according to the instructions?\",\"answer\":\"Write on a clean A4 exam pad using only one side, starting each question on a new page and numbering answers clearly. Scan ALL answer pages to PDF, save using the candidate number as the filename, upload via the Moodle “UPLOAD ANSWERS” link, then click FINISH, FINISHall, and SUBMIT before the upload time limit.\"},{\"question\":\"What topics are assessed in the A211 Financial Mathematics questions?\",\"answer\":\"The questions cover interpreting model output and drawbacks, describing and using a Turing test, cashflow sign conventions for an interest-only loan, dividend and sale cashflows for a company share investment, consistency in time value of money, compounding-rate calculations over time, inflation index-linked bond coupon and real-yield effects, and continuous-time spot/instantaneous forward rate calculations.\"}]","Actuarial Society of South Africa - Financial Mathematics A211 Examination - 18 May 2020 | PDF",1790493827,23]