Vaaler, L: Mathematical Interest Theory

Erscheinungsjahr 2009
ISBN: 978-0-88385-754-0
Verlag: Mathematical Association of America (MAA)

Buch, Englisch, 490 Seiten, Format (B × H): 158 mm x 235 mm, Gewicht: 780 g

Reihe: Mathematical Association of America Textbooks

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.

Autoren/Hrsg.

Vaaler, Leslie

Daniel, James

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Versicherungswirtschaft
• Mathematik | Informatik Mathematik Numerik und Wissenschaftliches Rechnen Angewandte Mathematik, Mathematische Modelle

Inhaltsverzeichnis

An introduction to the Texas Instruments BA II Plus
1. The growth of money
2. Equations of value and yield rates
3. Annuities
4. Annuities with different payment and conversion periods
5. Loan repayment
6. Bonds
7. Stocks and financial markets
8. Arbitrage, the term structure of interest rates, and derivatives
9. Interest rate sensitivity
Appendices: A. Some useful formulas
B. Answers to end of chapter problems
Bibliography
Index.

Über Autor(innen)

Vaaler, Leslie
Leslie Jane Federer Vaaler received her Masters and PhD degrees from Princeton University. She is currently at the University of Texas at Austin where she is Buck Consultants Associate Director of Actuarial Studies and Senior Lecturer in Mathematics. She has been teaching actuarial studies since 2000.

Daniel, James
James Daniel is director of Actuarial Studies at the University of Texas at Austin. In Spring 2005, he was named to UT-Austin's Academy of Distinguished Teachers. Although his main activity is now undergraduate teaching, he previously was very active in research (primarily in numerical optimization and the numerical solution of ordinary differential equations).