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Mathematical Interest Theory

Mathematical Interest Theory

Mathematical Interest Theory

Leslie Vaaler, University of Texas, Austin
James Daniel, University of Texas, Austin
February 2009
This item is not supplied by Cambridge University Press in your region. Please contact Mathematical Association of America for availability.
Hardback
9780883857540
£63.00
GBP
Hardback

    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.

    • Exercises feature applied financial questions
    • More than 240 carefully worked examples
    • Over 430 problems and numerical answers are included in an appendix

    Product details

    February 2009
    Hardback
    9780883857540
    490 pages
    235 × 158 × 29 mm
    0.78kg
    This item is not supplied by Cambridge University Press in your region. Please contact Mathematical Association of America for availability.

    Table of Contents

    • 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.
      Authors
    • Leslie Vaaler , University of Texas, Austin

      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.

    • James Daniel , University of Texas, Austin

      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).