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Financial Math Actuarie (3rd Ed)
Paperback
Business GeneralInvesting & Finance
ISBN13: 9789811245671
Publisher: World Scientific Publishing Company
Published: Sep 25 2021
Pages: 368
Weight: 1.28
Height: 0.76 Width: 6.69 Depth: 9.61
Language: English
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.
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