Mathematical Interest Theory

by Leslie Jane Federer Vaaler, James Daniel

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.

490 pages, Hardcover

First published October 1, 2008

Reviews

[Jeff Pavlick · Rating 3 out of 5]

Even if you’re not forced to read this book… I would still recommend it. You’ll learn to calculate a few what could be considered minimally as semi-important economic principles

[an idiot · Rating 4 out of 5]

This is a pretty good textbook. Everything builds off everything else, and it's all concise. You can even learn how to use your financial calculator. You have to learn these things if you're going to work with money, so preferably learn them from here.