1.

Record Nr.

UNINA9910966246703321

Autore

Vaaler Leslie Jane Federer

Titolo

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

Pubbl/distr/stampa

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

©2009

ISBN

9781614446002

1614446008

9780883857540

0883857545

Edizione

[Second edition.]

Descrizione fisica

1 online resource (xvii, 475 pages) : illustrations

Collana

MAA textbooks, , 2577-1213 ; ; v. 14

Disciplina

332.801/513

Soggetti

Interest rates - Mathematical models

Interest rate futures - Mathematical models

Risk management - Mathematical models

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references (page 463) and index.

Nota di contenuto

; 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.

Sommario/riassunto

"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.