Financial mathematics / A. Lenin Jothi.

Format:

Book

Author/Creator:

Jothi, A. Lenin.

Language:

English

Subjects (All):

Business mathematics.

Physical Description:

1 online resource (517 p.)

Edition:

1st ed.

Place of Publication:

Mumbai [India] : Himalaya Pub. House, 2009.

Language Note:

English

Summary:

Financial services, particularly banking and insurance services is the prominent sector for the development of a nation. After the liberalisation of financial sector in India, the scope of getting career opportunities has been widened. It is heartening to note that various universities in India have introduced professional courses on banking and insurance. A new field of applied mathematics has come into prominence under the name of Financial Mathematics. Financial mathematics has attained much importance in the recent years because of the role played by mathematical concepts in decision - making

Contents:

COVER; Contents; Permutation and Combination; Logarithm; Simple Interest; Compound Interest; Nominal and Effective Rates of Interest; Equation of Value; Discount; Depreciation; Bills of Exchange; Immediate Annuity; Annuity Due; Deferred Annuity; Perpetuity and General Annuity; Amortization of Loan; Sinking Fund; Leasing, Capital Expenditure and Bond; Theory of Probability; Construction of Mortality Table; A Complete Mortality Table; Probabilities on Survival and Death; Well-known Mortality Tables; Rate-Making in Insurance; Determination of Net Single Premium

Determination of Net Level Premium Determination of Premium for Annuity Plans; Determination of Gross Premium; Credibility Theory; Appendices

Notes:

Description based upon print version of record.

Description based on publisher supplied metadata and other sources.

ISBN:

1-282-80433-2

9786612804335

1-4416-7821-2

93-5043-260-9

600-00-3970-0

OCLC:

700691279