Mathematical interest theory

著者

書誌事項

Mathematical interest theory

Leslie Jane Federer Vaaler, James W. Daniel

(MAA textbooks)

Mathematical Association of America, c2009

2nd ed

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注記

Originally published: Pearson Prentice Hall, c2007

Includes bibliographical references (p. 463) and index

内容説明・目次

内容説明

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.

目次

  • 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.

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