Financial Mathematics For Actuaries (Third Edition)
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€49.99
A01=Wai-sum Chan
A01=Yiu-kuen Tse
Actuarial exam
Actuaries
Annuities
Annuity-Due
Annuity-Immediate
Author_Wai-sum Chan
Author_Yiu-kuen Tse
Bond Pricing
Borrowing
Category=KFFN
Convexity
Dollar-weighted Rate of Return
Duration
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
Financial Mathematics
FM Exam
Frequency of Compounding
Interest Rate Swaps
Loans
Perpetuity
SOA
Theory of Interest
Time-Weighted Rate of Return
Yield Rate
Product details
- ISBN 9789811245671
- Publication Date: 01 Oct 2021
- Publisher: World Scientific Publishing Co Pte Ltd
- Publication City/Country: SG
- Product Form: Paperback
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This book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam.The third edition includes major changes such as an addition of an 'R Laboratory' section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered. Students studying undergraduate courses on financial mathematics for actuaries will find this book useful. This book offers numerous examples and exercises, some of which are adapted from previous SOA FM Exams. It is also useful for students preparing for the actuarial professional exams through self-study.
