Compound Interest and Annuities-Certain

Compound Interest and Annuities-Certain
Author: D. W. A. Donald
Publisher: Cambridge University Press
Total Pages: 311
Release: 2016-04-15
Genre: Business & Economics
ISBN: 1316603873

Originally published in 1953, this book presents an account regarding 'the application of the theory of compound interest'.

Financial Mathematics For Actuaries (Third Edition)

Financial Mathematics For Actuaries (Third Edition)
Author: Wai-sum Chan
Publisher: World Scientific
Total Pages: 366
Release: 2021-09-14
Genre: Business & Economics
ISBN: 9811243298

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.

An Introduction to the Mathematics of Finance

An Introduction to the Mathematics of Finance
Author: Alfred Hurlstone Pollard
Publisher: Pergamon
Total Pages: 93
Release: 1977
Genre: Business mathematics
ISBN: 9780080217963

An Introduction to the Mathematics of Finance provides a simple, nonmathematical introduction to the mathematics of finance. Topics discussed in this book include simple interest; compound interest-annual compounding; annuities-certain; use of compound interest; and sinking funds. The equations of value; compounding more frequently than annually; and contracts at """"flat"""" rates of interest are also deliberated. This text likewise elaborates on the loans repayable by equal annual installments when interest is charged only on the amount of principal from time to time outstanding. Exercises a...

Compound Interest Functions

Compound Interest Functions
Author: C. Attwood
Publisher: Elsevier
Total Pages: 241
Release: 2014-05-16
Genre: Business & Economics
ISBN: 1483152766

Practical Table Series, No. 8: Compound Interest Functions focuses on compound interest tables that are applied to mathematical problems concerned with loans, annuities, mortgages, leases, and different forms of investment. This book provides the compound interest functions on 1/16 to 2 7/16 per cent at interval 1/16 per cent; 2 1⁄2 to 4 7/8 per cent at interval 1/8 per cent; and 5 to 10 per cent at interval 1/4 per cent. The tables on i/i(p)and force of interest d, and 10-figure logarithms are also included. The rest of this publication's content are devoted to notes on the mathematics of compound interest, providing guidance through the mathematical complexities of the more elementary parts of this subject. Some of the topics discussed include the definitions; effective and nominal rate of interest; present value and compound discount; continuous conversion of interest; annuities–definitions and symbols; interpolation using second differences; yield on a bond; and short history of tables of compound interest. This text is a good source to students, as well as individuals who have not had the opportunity to study the theory on compound interest functions.