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Mathematical Interest Theory
by Leslie Jane Federer Vaaler and James Daniel<

Students pursuing an actuarial career as well as those seeking a mathematically based finances course stand to benefit from this informative, up-to-date, and above all, skillfully written treatise. Instructors and students of interest theory owe Daniel and Vaaler a debt of gratitude for their fine efforts. -Susan Staples, Texas Christian University

Mathematical Interest Theory is among the recommended reading options for the Society of Actuaries/Casualty Actuarial Society FM/2 exam. Mathematical Interest Theory gives an introduction to how investments grow over time 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. The content of the book, along with an understanding of probability, will provide a solid foundation for readers embarking on actuarial careers. Mathematical Interest Theory includes more than 240 carefully worked examples. There are over 430 problems, and numerical answers are included in an appendix. A companion student solution manual has detailed solutions to the odd-numbered problems. Key Features: Detailed instruction on how to use the Texas Instruments BA II Plus and BA II Plus professional calculators. Examples are worked out with the problem and solution delineated so that the reader can think about the problem before reading the solution presented in the text. Exercises feature applied financial questions Writing activities for each chapter introduce each homework set.

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  • Brand name: MAA
  • Authors: Leslie Jane Federer Vaaler and James Daniel
  • ISBN:9780883857540
  • 656 pp.
  • Hardcover
  • 2009
  • Series: Textbooks
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