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Financial mathematics for actuarial science : the theory of interest / [Richard James Wilders].

By: Wilders, Richard J. (Richard James) [author.].

Material type: Text

TextPublisher: Boca Raton, FL : CRC Press, [2020]Description: pages cm.ISBN: 9780367253080.Subject(s): Interest -- Mathematical models

| Finance -- Mathematical models

| Business mathematics

| Actuarial science

DDC classification: 332.678

Contents:

Overview and mathematical prerequisites -- Measuring interest -- Solving problems in interest -- Annuities -- Amortization schedules and sinking funds -- Yield rates -- Bonds -- Exact asset matching and swaps -- Interest rate sensitivity -- Determinants of interest rates.

Summary: "Financial Mathematics for Actuarial Science: The Theory of Interest is concerned with the measurement of interest and the various ways interest affects what is often called the time value of money (TVM). Interest is most simply defined as the compensation that a borrower pays to a lender for the use of capital. The goal of this book is to provide the mathematical understandings of interest and the time value of money needed to succeed on the actuarial examination covering interest theory Key Features Helps prepare students for the SOA Financial Mathematics Exam Provides mathematical understanding of interest and the time value of money needed to succeed in the actuarial examination covering interest theory Contains many worked examples, exercises and solutions for practice Provides training in the use of calculators for solving problems A complete solutions manual is available to faculty adopters online"-- Provided by publisher.

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Item type	Home library	Call number	Status	Date due	Barcode	Item holds
Book	KCST Library	332.678 Wi Fi (Browse shelf)	Available		1000000883

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Includes bibliographical references and index.

"Financial Mathematics for Actuarial Science: The Theory of Interest is concerned with the measurement of interest and the various ways interest affects what is often called the time value of money (TVM). Interest is most simply defined as the compensation that a borrower pays to a lender for the use of capital. The goal of this book is to provide the mathematical understandings of interest and the time value of money needed to succeed on the actuarial examination covering interest theory Key Features Helps prepare students for the SOA Financial Mathematics Exam Provides mathematical understanding of interest and the time value of money needed to succeed in the actuarial examination covering interest theory Contains many worked examples, exercises and solutions for practice Provides training in the use of calculators for solving problems A complete solutions manual is available to faculty adopters online"-- Provided by publisher.

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