Financial mathematics for actuaries

Publication Type

Book

Publication Date

10-2021

Abstract

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.

Keywords

actuarial science, economics and finance

Discipline

Econometrics | Numerical Analysis and Computation

Research Areas

Econometrics

First Page

1

Last Page

368

ISBN

9789811243271

Identifier

10.1142/12464

Publisher

World Scientific

City or Country

Singapore

Additional URL

https://doi.org/10.1142/12464

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