Financial Mathematics for Actuarial Science: The Theory of Interest
is concerned with the measurement of interest and the various ways
interest affects what is often called the time value of money
(TVM). Interest is most simply defined as the compensation that a
borrower pays to a lender for the use of capital. The goal of this
book is to provide the mathematical understandings of interest and
the time value of money needed to succeed on the actuarial
examination covering interest theory Key Features Helps prepare
students for the SOA Financial Mathematics Exam Provides
mathematical understanding of interest and the time value of money
needed to succeed in the actuarial examination covering interest
theory Contains many worked examples, exercises and solutions for
practice Provides training in the use of calculators for solving
problems A complete solutions manual is available to faculty
adopters online
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