提纲式的。去Mercer面试前弄的，对大牛们不太有用，对想翻一翻快速知道个大概的人应该还好.

如：
Chapter 1.The Time Value of Money

(1) Required rate of return on a security
Required rate = nominal risk-free rate a+ all kinds of premiumsb
a nominal risk-free rate= real risk-free rate + expected inflation rate
b Default risk premium + Liquidity premium + maturity risk premium …

(2) PV of perpetuity=fixed payment/rate=PMT/(I/Y)

(3) FV and PV calculations~ 考試要點：
a. 注意是Ordinary annuity or Annuity-due [BGN] modes
b. 畫圖 time-line table
Example: (Calculation of N)
How many $100 end-of-year payment has to be made to accumulate $920 if the discount rate is 9%?
Sol: I/Y=9; FV=920; PMT=-100; CPT N=6.99 7years

(4)Amortization
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