Mathematical interest theory / Leslie Jane Federer Vaaler, James W. Daniel, The University of Texas at Austin.

Format:

Book

Author/Creator:

Vaaler, Leslie Jane Federer, author.

Daniel, James W., author.

Series:

MAA textbooks ; 2577-1213 http://viaf.org/viaf/182133474 v. 14.

MAA textbooks, 2577-1213 ; v. 14

Language:

English

Subjects (All):

Interest rates--Mathematical models.

Interest rates.

Interest rate futures--Mathematical models.

Interest rate futures.

Risk management--Mathematical models.

Risk management.

Physical Description:

1 online resource (xvii, 475 pages) : illustrations

Edition:

Second edition.

Place of Publication:

Washington, DC : Mathematical Association of America, [2009].

Language Note:

English

Summary:

"We hope you enjoy this book and find it useful. Those who understand interest theory can be informed borrowers, making intelligent choices about mortgages and other loans, and they can also be wise investors. We anticipate that the majority of our readers will be interested in exploring actuarial careers. However, among our enthusiastic students, we have counted many who just felt that this was material they would like to understand; they found it interesting and applicable. Interest rates affect us all! The authors have frequently been told that the course for which the book was designed was a student’s “favorite” in his or her college career — and this was not just by students in the University of Texas’ actuarial program! With this in mind, we have tried to write a book that will be appealing to any student who wishes to become familiar with how investments grow over time, and who appreciates this being carried out in a mathematically precise manner."--page xiii, Preface.

Contents:

0 An introduction to the Texas Instruments BA II Plus

1 The growth of money

2 Equations of value and yield rates

3 Annuities (annuities certain)

4 Annuities with different payment and conversion periods

5 Loan repayment

6 Bonds

7 Stocks and financial markets

8 Arbitrage, term structure of interest rates, and derivatives

9 Interest rate sensitivity

Appendices

A Some useful formulas

B Answers to end of chapter problems.

Notes:

Includes bibliographical references (page 463) and index.

Description based on online resource, publisher supplied metadata and other sources.

Other Format:

Print version: Vaaler, Leslie Jane Federer Mathematical interest theory.

ISBN:

9781614446002

1614446008

OCLC:

929120370