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)
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 stepbystep 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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ehh…,
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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Using to study for Exam 2/FM,
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