Mathematical Interest Theory: Third Edition

Mathematical Interest Theory: Third Edition
Author :
Publisher : American Mathematical Soc.
Total Pages : 581
Release :
ISBN-10 : 9781470465681
ISBN-13 : 147046568X
Rating : 4/5 (68X Downloads)

Book Synopsis Mathematical Interest Theory: Third Edition by : Leslie Jane Federer Vaaler

Download or read book Mathematical Interest Theory: Third Edition written by Leslie Jane Federer Vaaler and published by American Mathematical Soc.. This book was released on 2021-04-15 with total page 581 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mathematical Interest Theory provides an introduction to how investments grow over time. This is done in a mathematically precise manner. The emphasis is on practical applications that give the reader a concrete understanding of why the various relationships should be true. Among the modern financial topics introduced are: arbitrage, options, futures, and swaps. Mathematical Interest Theory is written for anyone who has a strong high-school algebra background and is interested in being an informed borrower or investor. The book is suitable for a mid-level or upper-level undergraduate course or a beginning graduate course. The content of the book, along with an understanding of probability, will provide a solid foundation for readers embarking on actuarial careers. The text has been suggested by the Society of Actuaries for people preparing for the Financial Mathematics exam. To that end, Mathematical Interest Theory includes more than 260 carefully worked examples. There are over 475 problems, and numerical answers are included in an appendix. A companion student solution manual has detailed solutions to the odd-numbered problems. Most of the examples involve computation, and detailed instruction is provided on how to use the Texas Instruments BA II Plus and BA II Plus Professional calculators to efficiently solve the problems. This Third Edition updates the previous edition to cover the material in the SOA study notes FM-24-17, FM-25-17, and FM-26-17.


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