Mathematical Interest Theory by Leslie Vaaler

Mathematical Interest Theory by Leslie Vaaler

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.

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) examWhat 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

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).

SKU	CIN0883857545G
ISBN 13	9780883857540
ISBN 10	0883857545
Title	Mathematical Interest Theory
Author	Leslie Vaaler
Series	Mathematical Association Of America Textbooks
Condition	Good
Publisher	Mathematical Association of America
Year published	2009-02-19
Number of pages	490
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