Name: Mathematical Interest Theory By Leslie Vaaler (University of Texas, Austin)
SKU: 9780883857540
Price: 15.92 USD
Availability: InStock

Mathematical Interest Theory Summary

Mathematical Interest Theory by Leslie Vaaler (University of Texas, Austin)

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.

Mathematical Interest Theory Reviews

This is an excellent book on interest theory, one of the four book recognized by the Society of Actuaries and Casualty Acruarial Society as a basis of study for the interest theory component of their joint FInancial Mathematics (FM) exam. What I particularly like about Mathematical Interest Theory is that many problems are intrinsically multi-stepped requiring use of several core functions. By providing a multitude of superior problems, the authors are able to familiarize the student not only with core actuarial function, but also develop their skills in studying the interaction between these functions and real-world problems. - Russell Jay Hendel, UMAP Journal

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

We use the Vaaler and Daniel text as our primary learning resource for actuarial science majors as they prepare for the SOA FM/CAS2 financial mathematics exam. Each concept is followed by several illustrative and detailed examples that help students master the big ideas in interest theory. - Mark Maxwell, Director of Actuarial Science, Robert Morris University

About 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 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).

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.

Additional information

Sku

CIN0883857545G

ISBN 13

9780883857540

ISBN 10

0883857545

Title

Mathematical Interest Theory by Leslie Vaaler (University of Texas, Austin)

Author

Leslie Vaaler (University of Texas, Austin)

Series

Mathematical Association of America Textbooks

Condition

Used - Good

Binding type

Hardback

Publisher

Mathematical Association of America

Year published

20090219

Number of pages

490

Prizes

N/A

Cover note

Book picture is for illustrative purposes only, actual binding, cover or edition may vary.

Note

This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

Mathematical Interest Theory Leslie Vaaler (University of Texas, Austin)

Mathematical Interest Theory by Leslie Vaaler (University of Texas, Austin)

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Mathematical Interest Theory Summary

Mathematical Interest Theory by Leslie Vaaler (University of Texas, Austin)

Mathematical Interest Theory Reviews

About Leslie Vaaler (University of Texas, Austin)

Table of Contents

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Customer Reviews - Mathematical Interest Theory