Description: This article explores compound and simple interest and the accumulation function for the case when time t is a noninteger value.

Description: Over the years, much of the Society of Actuaries exam-related discussion has centered on structure, such as the number of tracks, many small exams versus a small number of large exams, ways to incorporate professionalism and nontechnical skills. Lost in those discussions is the process of continually improving the exams themselves. This article uses questions from old and new exams to show how the written-answer fellowship exams have changed to expect candidates to demonstrate higher level skills than in the past.

Description: This article contains reviews of the following books published in 1987-1990: 1. 'Pension Age in a Changing Society' by Patrick Carroll, 2. 'Life Insurance Mathematics' by Hans U. Gerber, 3. 'A History of Probability and Statistics and Their Applications before 1750' by Anders Hald, 4. 'Medical Risks: Trends in Mortality by Age and Time Elapsed' by Edward A. Lew, 5. 'Canadian Handbook of Flexible Benefits' by Robert J. McKay, 6. 'Canadian Insurance Practices' by Franklin Reynolds, 7. 'On the Shoulders of Giants' edited by Lynn Arthur Steen, 8. 'The Value of Pensions in Divorce: What It Is and How to Use It' by Marvin Snyder, 9. 'Life Insurance Accounting' by Edward P. Brunner and Paul E. Heacock, 10. 'Duration Analysis: Managing Interest Rate Risk' by G.O. Bierwag, and 11. 'Actuarial Evidence: Valuing Past and Future Income' by Donald R. Anderson. Notices of other articles and publications are also included. From Transactions of Society of Actuaries 1990, Vol. 42.