Mathematical Interest Theory (Mathematical Association of America Textbooks) Reviews

Mathematical Interest Theory (Mathematical Association of America Textbooks)

Mathematical Interest Theory (Mathematical Association of America Textbooks)

  • Used Book in Good Condition

Mathematical Interest Theory gives an introduction of how investments grow over time. This is done in a mathematically precise manner. The emphasis is on practical applications that give the reader a concrete understanding of why the various relationships should be true. Among the modern financial topics introduced are: arbitrage, options, futures, and swaps. The content of the book, along with an understanding of probability, will provide a solid foundation for readers embarking on actuarial ca

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An Elementary Introduction To Stochastic Interest Rate Modeling (2nd Edition) (Advanced Series on Statistical Science and Applied Probabili)

An Elementary Introduction To Stochastic Interest Rate Modeling (2nd Edition) (Advanced Series on Statistical Science and Applied Probabili)

Interest rate modeling and the pricing of related derivatives remain subjects of increasing importance in financial mathematics and risk management. This book provides an accessible introduction to these topics by a step-by-step presentation of concepts with a focus on explicit calculations. Each chapter is accompanied with exercises and their complete solutions, making the book suitable for advanced undergraduate and graduate level students. This second edition retains the main features of the

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2 comments

  1. Nathan says:
    8 of 11 people found the following review helpful
    1.0 out of 5 stars
    ehh…, April 12, 2012
    By 
    Nathan

    Verified Purchase(What’s this?)
    This review is from: Mathematical Interest Theory (Mathematical Association of America Textbooks) (Hardcover)
    I bought this book because it is required for my class. The examples in this book are decent and it does an ok job explaining how things happen, however, even my professor(an actuary with 9 exams completed) even says the book doesn’t do a good job explaining interest or how to calculate it. The problems that we are suppose to workout are terrible as they have thrown in curve balls. I can understand the reason behind it, but it goes from showing examples that are very straight forwards to trick questions with no build up in between. It makes learning the material very difficult and may even deter individuals from doing the fm exam.

    I’ve talked it over with my professor and he agrees with me and is looking into other books that are better. I do not recommend this book. This book may be simple for those that have passed fm and fully understand interest, but if you do not know how to calculate interest, bonds face/present value, and are able to remember how to calculate annuity due and immediate by memory, skip this book!

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  2. Timothy P. Koch "spaceace76" says:
    2 of 2 people found the following review helpful
    4.0 out of 5 stars
    Using to study for Exam 2/FM, February 15, 2013
    By 
    Timothy P. Koch “spaceace76” (Seattle, WA USA) –
    (REAL NAME)
      

    Verified Purchase(What’s this?)
    This review is from: Mathematical Interest Theory (Mathematical Association of America Textbooks) (Hardcover)
    Clear explanations with examples. The math is easy to understand. Sufficient number of exercises which follow the text. The student manual is worthwhile also.

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