9780883857540

Mathematical Interest Theory

by ;
  • ISBN13:

    9780883857540

  • ISBN10:

    0883857545

  • Edition: 2nd
  • Format: Hardcover
  • Copyright: 10/9/2008
  • Publisher: Mathematical Assn of Amer

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Summary

Mathematical Interest Theory gives an introduction to how investments vary over time, and this book provides a solid foundation for readers embarking on actuarial careers.. This is done in a mathematically precise manner, but the emphasis is on practical applications and giving the reader a concrete understanding as to why the various relationships should be true. Modern financial topics including arbitrage, options, futures, and swaps are introduced. Along with an understanding of probability,this book provides a solid foundation for readers embarking on actuarial careers. It also includes detailed instruction on how to use the Texas Instruments BA II Plus and BA II Plus Professional calculators. This text is among the recommended reading options for the Society of Actuaries/Casualty Actuarial Society FM/2 exam.

Table of Contents

An introduction to the Texas Instruments BA II Plus
The growth of money
Equations of value and yield rates
Annuities
Annuities with different payment and conversion periods
Loan repayment
Bonds
Stocks and financial markets
Arbitrage, the term structure of interest rates, and derivatives
Interest rate sensitivity
Appendices
Some useful formulas
Answers to end of chapter problems
Bibliography
Index
Table of Contents provided by Publisher. All Rights Reserved.

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